USD/CNY fix projections - Nomura

Analysts at Nomura offered their outlook for today's fix.

Key Quotes:

"Our model1 projects the fix to be 249 pips higher than the previous fix (6.9619 from 6.9370) and 124 pips higher than the previous official spot USD/CNY close of 6.9495. The basket implied change is 156 pips higher than the previous official spot USD/CNY close (6.9651 from 6.9495)."