USD/CNY fix projection: 6.9043 - Nomura

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

Key Quotes:

"Model projection: 6.9043 versus 6.8792 previous (251 pips higher; 229 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.8984 (192 pips higher from previous fix)."