USD/CNY projection: 6.9476 - Nomura

Analysts at Nomua offered their projections for the fix.

Key Quotes:

"Our model1 projects the fix to be 17 pips higher than the previous fix (6.9476 from 6.9459) and 21 pips lower than the previous official spot USD/CNY close of 6.9497. The basket implied change is 25 pips lower than the previous official spot USD/CNY close (6.9472 from 6.9497)."

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