USD/CNY fix projection: 6.9398 - Nomura

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

Key notes:

"Model projection: 6.9398 versus 6.9402 previous (4 pips lower; 111 pips lower from the previous official spot close).

Model projection with counter-cyclical factor: 6.9295 (107 pips lower from previous fix)."