USD/CNY fix projection: 6.8171 - Nomura

Analysts at Nomura offered their model's projection for tody's fix in USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 229 pips higher than the previous fix (6.8171 from 6.7942) and 75 pips lower than the previous official spot USD/CNY close of 6.8246. The basket implied change is 90 pips lower than the previous official spot USD/CNY close (6.8156 from 6.8246)."