USD/CNY fix projection: 6.8543 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 221 pips higher than the previous fix (6.8543 from 6.8322) and 77 pips lower than the previous official spot USD/CNY close of 6.8620. The basket implied change is 93 pips lower than the previous official spot USD/CNY close (6.8527 from 6.8620)."