USD/CNY fix projection: 6.9414 - Nomura

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

Key Quotes:

"Model projection: 6.9414 versus 6.9629 previous (215 pips lower; 117 pips lower from the previous official spot close).

Model projection with counter-cyclical factor: 6.9419 (210 pips lower from previous fix)."