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Analysts at Nomura offered their model’s projection of today’s fix in USD/CNY as the Chinese return from a long weekend and respond to the new tariffs.  

Key Quotes:

“Model projection: 6.8493 versus 6.8357 previous (136 pips higher; 103 pips higher from the previous official spot close). Model projection with counter-cyclical factor: 6.8428 (71 pips higher from  previous  fix).”