USD/CNY fix projection: 6.7981 - Nomura

Analysts at Nomura offered their projections for tody's fix.

Key Quotes:

"Our model1 projects the fix to be 209 pips higher than the previous fix (6.7981 from 6.7772) and 84 pips higher than the previous official spot USD/CNY close of 6.7897. The basket implied change is 100 pips higher than the previous official spot USD/CNY close (6.7997 from 6.7897)."