USD/CNY: projections - Nomura

USD/CNY: projection: 6.9522 - Nomura 

Analysts at Nomura offered their projections for today's fix:

Key Quotes:

"Our model1 projects the fix to be 60 pips higher than the previous fix (6.9522 from 6.9462) and 24 pips higher than the previous official spot USD/CNY close of 6.9498. The basket implied change is 27 pips higher than the previous official spot USD/CNY close (6.9525 from 6.9498)."