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USD/CNY repair projection: 6.9398 – Nomura

Analysts at Nomura provided their mannequin’s projection for immediately’s repair in USD/CNY. 

Key notes:

“Mannequin projection: 6.9398 versus 6.9402 earlier (four pips decrease; 111 pips decrease from the earlier official spot shut).

Mannequin projection with counter-cyclical issue: 6.9295 (107 pips decrease from earlier repair).”

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