USD/CNY projection: 6.8039 - 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 148 pips higher than the previous fix (6.8039 from 6.7891) and 61 pips lower than the previous official spot USD/CNY close of 6.8100. The basket implied change is 73 pips lower than the previous official spot USD/CNY close (6.8027 from 6.8100)."