USD/CN fix projection: 6.9249 - Nomura

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

Key Quotes:

"Model projection: 6.9249 versus 6.9387 previous (138 pips lower; 72 pips lower from the previous official spot close)."

"Model projection with counter-cyclical factor: 6.9237 (150 pips lower from previous fix)."