USD/CNY: projection: 6.7548 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 186 pips lower than the previous fix (6.7548 from 6.7734) and 196 pips lower than the previous official spot USD/CNY close of 6.7744. The basket implied change is 258 pips lower than the previous official spot USD/CNY close (6.7486 from 6.7744)."