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USD/CNY fix projection: 6.9128 - Nomura

Analysts at Nomura offered their model projection for USD/CNY fix.

Key Quotes:

"Model projection: 6.9128 versus 6.9019 previous (109 pips higher; 107 pips lower from the previous official spot close). Model projection with counter-cyclical factor: 6.8967 (52 pips lower from previous fix)."

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