USD/CNY fix projection: 6.8728 - Nomura

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

Key Quotes:

"Model projection: 6.8728 versus 6.8571 previous (157 pips higher; 12 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8592 (21 pips higher from previous fix)."