USD/CNY fix model: Projection at 6.8715 - Nomura

Nomura's model projects the fix to be 134 pips lower than the previous fix (6.8715 from 6.8849) and 65 pips lower than the previous official spot USD/CNY close of 6.8780. The basket implied change is 74 pips lower than the previous official spot USD/CNY close (6.8706 from 6.8780), Nomura adds.