USD/CNY fix projection: 6.9505 - Nomura

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

Key Quotes:

"Model projection: 6.9505 versus 6.9329 previous (176 pips higher; 65 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9399 (70 pips higher from previous fix)."