USD/CNY fix model: Projection at 6.8737 - Nomura

Nomura's model projects the fix to be 27 pips higher than the previous fix (6.8737 from 6.8710) and 65 pips higher than the previous official spot USD/CNY close of 6.8672. The basket implied change is 196 pips higher than the previous official spot USD/CNY close (6.8868 from 6.8672), Nomura adds.