USD/CNY projection: 6.7745 - Nomura

Analysts at Nomura offered their USD/CNY fix projections.

Key Quotes:

"Our model1 projects the fix to be 40 pips higher than the previous fix (6.7745 from 6.7705) and 59 pips higher than the previous official spot USD/CNY close of 6.7686. The basket implied change is 68 pips higher than the previous official spot USD/CNY close (6.7754 from 6.7686)."