USD/CNY projection: 6.9137 - Nomura

Analysts at Nomura offered their USD/CNY projection as 6.9137.

Key Quotes:

"Our model1 projects the fix to be 233 pips higher than the previous fix (6.9137 from 6.8904) and 209 pips higher than the previous official spot USD/CNY close of 6.8928. The basket implied change is 378 pips higher than the previous official spot USD/CNY close (6.9306 from 6.8928)."