USD/CNY fix projection: 6.9188 - Nomura

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

Key Quotes:

"Model projection: 6.9188 versus 6.8976 previous (212 pips higher; 77 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8989 (13 pips higher from previous fix)."