USD/CNY fix projection: 6.9085 - Nomura

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

Key Quotes:

"Model projection: 6.9085 versus 6.9075 previous (10 pips higher; 56 pips lower from the previous official spot close)."

"Model projection with counter-cyclical factor: 6.9003 (72 pips lower from the previous fix)."