USD/CNY fix model: Projection at 6.8733 - Nomura

Nomura's model projects the fix to be 75 pips lower than the previous fix (6.8733 from 6.8808) and 117 pips lower than the previous official spot USD/CNY close of 6.8850. The basket implied change is 143 pips lower than the previous official spot USD/CNY close (6.8707 from 6.8850), Nomura adds.