USD/CNY fix projection: 6.9219 - Nomura

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

Key Quotes:

"Model projection: 6.9219 versus 6.9154 previous (65 pips higher; 51 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.9110 (44 pips lower from previous fix)."