USD/CNY fix model: Projection at 6.895 - Nomura

Nomura's model projects the fix to be 304 pips higher than the previous fix (6.8595 from 6.8291) and 186 pips higher than the previous official spot USD/CNY close of 6.8409. The basket implied change is 289 pips higher than the previous official spot USD/CNY close (6.8698 from 6.8409), Nomura adds.