USD/CNY fix projection: 6.9521 - Nomura

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

Key Quotes:

"Model projection: 6.9521 versus 6.9409 previous (112 pips higher; 23 pips higher from the previous official spot close).

Model projection with counter-cyclical factor: 6.9427 (18 pips higher from previous fix)."