USD/CNY fix projection: 6.8886 - Nomura

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

Key Quotes:

"Model projection: 6.8886 versus 6.8642 previous (244 pips higher; 116 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.8771 (129 pips higher from previous fix)."