USD/USD fi projection today's USD/CNY fix - Nomura

Analysts at Nomura's projections for today's USD/CNY fix...

Key Quotes:

"Our model1 projects the fix to be 106 pips lower than the previous fix (6.7877 from 6.7983) and 123 pips lower than the previous official spot USD/CNY close of 6.8000. The basket implied change is 151 pips lower than the previous official spot USD/CNY close (6.7849 from 6.8000)."