USD/CNY fix projection: 6.9469 - Nomura

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

Key Quotes:

"Model projection: 6.9469 versus 6.9236 previous (233 pips higher; 97 pips higher from the previous official spot close).

Model projection with counter-cyclical factor: 6.9350 (114 pips higher from the previous fix)."

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