USD/CNY fix projection: 6.9389 - Nomura

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

Key Quotes:

"Model projection: 6.9389 versus 6.9103 previous (286 pips higher; 140 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9265 (162 pips higher from previous fix)."