USD/CNY fix projection: 6.8989 - 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 43 pips higher than the previous fix (6.8989 from 6.8946) and 29 pips higher than the previous official spot USD/CNY close of 6.8960. The basket implied change is 33 pips higher than the previous official spot USD/CNY close (6.8993 from 6.8960)."