USD/CNY fix model projections: 6.8834 - Nomura

Analysts at Nomura offered their projection for the USD/CNY fix as 6.8834.

Key Quotes:

"Our model1 projects the fix to be 84 pips higher than the previous fix (6.8834 from 6.8750) and 145 pips higher than the previous official spot USD/CNY close of 6.8689. The basket implied change is 192 pips higher than the previous official spot USD/CNY close (6.8881 from 6.8689)."