USD/CNY fix projection: 6.9108 - Nomura

Analysts at Nomura offered their outlook for USD/CNY.

Key Quotes:

"Our model1 projects the fix to be 71 pips higher than the previous fix (6.9108 from 6.9037) and 51 pips higher than the previous official spot USD/CNY close of 6.9057. The basket implied change is 59 pips higher than the previous official spot USD/CNY close (6.9116 from 6.9057)."