USD/CNY fix projection: 6.9119 - Nomura

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

Key Quotes:

"Model projection: 6.9119 versus 6.9098 previous (21 pips higher; 149 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8983 (115 pips lower from the previous fix)."