USD/CNY fix projection: 6.9663 - Nomura

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

Key Quotes:

"Model projection: 6.9663 versus 6.9574 previous (89 pips higher; 50 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9595 (21 pips higher from previous fix)."