USD/CNY fix projection: 6.9374 - Nomura

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

Key Quotes:

"Model projection: 6.9374 versus 6.9510 previous (136 pips lower; 104 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.9343 (167 pips lower from previous fix)."