USD/CNY fix model: Projection at 6.8310 - Nomura

Nomura's model projects the fix to be 262 pips lower than the previous fix (6.8310 from 6.8572) and 242 pips lower than the previous official spot USD/CNY close of 6.8552. The basket implied change is 341 pips lower than the previous official spot USD/CNY close (6.8211 from 6.8552), Nomura adds.