USD/CNY fix projection: 6.6782 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 55 pips higher than the previous fix (6.6782 from 6.6727) and 123 pips lower than the previous official spot USD/CNY close of 6.6905. The basket implied change is 152 pips lower than the previous official spot USD/CNY close (6.6753 from 6.6905)."