USD/CNY fix model: Projection at 6.8595 - Nomura

Nomura's model projects the fix to be 37 pips lower than the previous fix (6.8595 from 6.8632) and 77 pips lower than the previous official spot USD/CNY close of 6.8672. The basket implied change is 92 pips lower than the previous official spot USD/CNY close (6.8580 from 6.8672), Nomura adds.