USD/CNY fix projection: 6.9045 - Nomura

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

Key Quotes:

"Model projection: 6.9045 versus 6.8957 previous (88 pips higher; 90 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8904 (53 pips lower from previous fix)"