USD/CNY fix model: Projection at 6.8996 - Nomura

Nomura's model projects the fix to be 392 pips higher than the previous fix (6.8996 from 6.8604) and 181 pips higher than the previous official spot USD/CNY close of 6.8815. The basket implied change is 272 pips higher than the previous official spot USD/CNY close (6.9087 from 6.8815), Nomura adds.