USD/CNY projection: 6.8933 – Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix 24 pips lower than the previous fix.

Key quotes

Our model1 projects the fix to be 24 pips lower than the previous fix (6.8933 from 6.8957) and 35 pips lower than the previous official spot USD/CNY close of 6.8968. The basket implied change is 42 pips lower than the previous official spot USD/CNY close (6.8926 from 6.8968).