USD/CNY fix projection: 6.9660 - Nomura

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

Key Quotes:

"Model projection: 6.9660 versus 6.9377 previous (283 pips higher; 100 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9516 (139 pips higher from previous fix)."