USD/CNY fix projection: 6.8310 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 338 pips higher than the previous fix (6.8310 from 6.7972) and 140 pips higher than the previous official spot USD/CNY close of 6.8170. The basket implied change is 183 pips higher than the previous official spot USD/CNY close (6.8353 from 6.8170)."

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