USD/CNY fix projection: 6.8733 - Nomura

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

Key Quotes:

"Model projection: 6.8733 versus 6.8440 previous (293 pips higher; 37 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8512 (72 pips higher from previous fix)."