USD/CNY fix model: Projection at 6.8832 - Nomura

Nomura's model projects the fix to be 309 pips lower than the previous fix (6.8832 from 6.9141) and 168 pips lower than the previous official spot USD/CNY close of 6.9000. The basket implied change is 221 pips lower than the previous official spot USD/CNY close (6.8779 from 6.9000), Nomura adds.