USD/CNY fix projection: 6.8681 - Nomura

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

Key Quotes:

"Model projection: 6.8681 versus 6.8362 previous (319 pips higher; 160 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.8550 (188 pips higher from previous fix)."