USD/CNY fix projection: 6.8979 - Nomura

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

Key Quotes:

"Model projection: 6.8979 versus 6.9371 previous (392 pips lower; 82 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9182 (189 pips lower from previous fix)."