USD/CNY projection fix: 6.8698 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 303 pips higher than the previous fix (6.8698 from 6.8395) and 124 pips higher than the previous official spot USD/CNY close of 6.8574. The basket implied change is 156 pips higher than the previous official spot USD/CNY close (6.8730 from 6.8574)."