USD/CNY fix model: Projection at 6.8695 - Nomura

Nomura's model projects the fix to be 127 pips higher than the previous fix (6.8695 from 6.8568) and 65 pips lower than the previous official spot USD/CNY close of 6.8760. The basket implied change is 78 pips lower than the previous official spot USD/CNY close (6.8682 from 6.8760), Nomura adds.