USD/CNY projection: 6.7897 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 161 pips higher than the previous fix (6.7897 from 6.7736) and 119 pips higher than the previous official spot USD/CNY close of 6.7778. The basket implied change is 149 pips higher than the previous official spot USD/CNY close (6.7927 from 6.7778)."