USD/CNY fix projection: 6.9405 - Nomura

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

Key Quotes:

"Model projection: 6.9405 versus 6.9392 previous (13 pips higher; 46 pips higher from the previous official spot close)."

"Model projection with counter-cyclical factor: 6.9376 (16 pips lower from previous fix)."