USD/CNY fix projection: 6.6757 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 48 pips higher than the previous fix (6.6757 from 6.6709) and 26 pips higher than the previous official spot USD/CNY close of 6.6731. The basket implied change is 29 pips higher than the previous official spot USD/CNY close (6.6760 from 6.6731)."