野村：美元兑人民币定盘模型 - 预测_7.2373

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific securities [1]. Core Insights - The model projection for USD/CNY is 7.2373, which is 359 pips higher than the previous projection of 7.2014 and 259 pips lower than the previous official spot close [1]. - The model projection with the counter-cyclical factor is 7.1999, indicating a decrease of 15 pips from the previous fix [1]. Summary by Sections - Model Projections: The USD/CNY fix model indicates a significant increase in the projected exchange rate, reflecting market expectations and potential volatility in the currency market [1]. - Recent Model Errors: The report includes a figure illustrating recent model errors without counter-cyclical factor adjustments, which may provide insights into the accuracy of the projections [3]. - Daily Changes: A figure detailing the daily changes in the USD/CNY fix is presented, which can help in understanding the fluctuations in the currency pair over time [5]. - Event Calendar: The report outlines a calendar of significant events involving China, including deadlines for plans related to the Sovereign Wealth Fund and the PBoC's Monetary Policy Report, which could impact market dynamics [9].