USD/CNY fix projection: 6.8420 - Nomura

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

Key Quotes:

"Model projection: 6.8420 versus 6.8530 previous (110 pips lower; 108 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8374 (156 pips lower from previous fix)."