USD/CNY fix projection: 6.7481 - Nomura

Analysts at Nomura offered their projections for today's fix in the USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 174 pips higher than the previous fix (6.7481 from 6.7307) and 105 pips higher than the previous official spot USD/CNY close of 6.7376. The basket implied change is 129 pips higher than the previous official spot USD/CNY close (6.7505 from 6.7376)."

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