USD/CNY fix projection: 6.7560 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 111 pips lower than the previous fix (6.7560 from 6.7671) and 235 pips lower than the previous official spot USD/CNY close of 6.7795. The basket implied change is 329 pips lower than the previous official spot USD/CNY close (6.7466 from 6.7795)."