USD/CNY projection: 6.6935 - 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 114 pips higher than the previous fix (6.6935 from 6.6821) and 145 pips higher than the previous official spot USD/CNY close of 6.6790. The basket implied change is 194 pips higher than the previous official spot USD/CNY close (6.6984 from 6.6790)."