USD/CNY projection: 6.6763 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 16 pips lower than the previous fix (6.6763 from 6.6779) and 192 pips lower than the previous official spot USD/CNY close of 6.6955. The basket implied change is 253 pips lower than the previous official spot USD/CNY close (6.6702 from 6.6955)."