USD/CNY fix projection: 6.9275 - Nomura

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

Key Quotes:

"Model projection: 6.9275 versus 6.9120 previous (155 pips higher; 41 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9168 (48 pips higher from previous fix)."

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