USD/CNY projection: 6.7860 - Nomura

Analysts at Nomura offered their projections for the Nomura fix.

Key Quotes:

"Our model1 projects the fix to be 43 pips higher than the previous fix (6.7860 from 6.7817) and 60 pips higher than the previous official spot USD/CNY close of 6.7800. The basket implied change is 69 pips higher than the previous official spot USD/CNY close (6.7869 from 6.7800)."