USD/CNY fix projection: 6.9153 - Nomura

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

Key Quotes:

"Model projection: 6.9153 versus 6.9119 previous (34 pips higher; 33 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.9071 (48 pips lower from previous fix)."

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