USD/CNY fix projection: 6.8646 - Nomura

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

Key Quotes:

"Model projection: 6.8646 versus 6.8488 previous (158 pips higher; 9 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.8520 (32 pips higher from previous fix)".