USD/CNY projection: 6.7899 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 40 pips lower than the previous fix (6.7899 from 6.7939) and 71 pips lower than the previous official spot USD/CNY close of 6.7970. 

The basket implied change is 85 pips lower than the previous official spot USD/CNY close (6.7885 from 6.7970)."