USD/CNY projection: 6.7566 - Nomura

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

Key Quotes:

"Our model1 projects the fix to be 156 pips higher than the previous fix (6.7566 from 6.7410) and 61 pips higher than the previous official spot USD/CNY close of 6.7505.

The basket implied change is 71 pips higher than the previous official spot USD/CNY close (6.7576 from 6.7505)."