USD/CNY projection at 6.9152 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 164 pips higher than the previous fix (6.9152 from 6.8988) and 60 pips higher than the previous official spot USD/CNY close of 6.9092. The basket implied change is 70 pips higher than the previous official spot USD/CNY close (6.9162 from 6.9092)."