USD/CNY fix projection: 6.8782 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 87 pips higher than the previous fix (6.8782 from 6.8695) and 104 pips higher than the previous official spot USD/CNY close of 6.8678. The basket implied change is 127 pips higher than the previous official spot USD/CNY close (6.8805 from 6.8678)."