USD/CNY fix model: Projection at 6.8609 - Nomura

Nomura's model projects the fix to be 261 pips lower than the previous fix (6.8609 from 6.8870) and 252 pips lower than the previous official spot USD/CNY close of 6.8861. The basket implied change is 360 pips lower than the previous official spot USD/CNY close (6.8501 from 6.8861), Nomura adds.