USD/CNY fix Projection: 6.9798 - Nomura

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

Key Quotes:

"Model projection: 6.9798 versus 6.9646 previous (152 pips higher; 64 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.9704 (58 pips higher from previous fix)."