USD/CNY fix projection: 6.8642 - Nomura

Analysts at Nomura offered their projections for the USD/CNY fix.

Key Quotes:

Our model1 projects the fix to be 53 pips lower than the previous fix (6.8642 from 6.8695) and 132 pips lower than the previous official spot USD/CNY close of 6.8774. The basket implied change is 163 pips lower than the previous official spot USD/CNY close (6.8611 from 6.8774).