USD/CNY projection: 6.8973 - Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix.

Key Quotes:

"Our model1 projects the fix to be 42 pips higher than the previous fix (6.8973 from 6.8931) and unchanged from the previous official spot USD/CNY close of 6.8973. The basket implied change is unchanged at 6.8973."