USD/CNY fix projection: 6.7614 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 426 pips lower than the previous fix (6.7614 from 6.8040) and 170 pips lower than the previous official spot USD/CNY close of 6.7784."

"The basket implied change is 218 pips lower than the previous official spot USD/CNY close (6.7566 from 6.7784)."