USD/CNY: projection: 6.8039 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 109 pips higher than the previous fix (6.8039 from 6.7930) and 101 pips higher than the previous official spot USD/CNY close of 6.7938. The basket implied change is 122 pips higher than the previous official spot USD/CNY close (6.8060 from 6.7938)."