USD/CNY fix projection: 6.6826 - Nomura

Analysts at Nomura offered their model's outlook for today's fix.

Key Quotes:

"Our model1 projects the fix to be 68 pips higher than the previous fix (6.6826 from 6.6758) and 12 pips lower than the previous official spot USD/CNY close of 6.6838. The basket implied change is 14 pips lower than the previous official spot USD/CNY close (6.6824 from 6.6838)."