USD/CNY fix model: Projection at 6.9450 - Nomura

Nomura's model projects the fix to be 782 pips higher than the previous fix (6.9450 from 6.8668) and 220 pips higher than the previous official spot USD/CNY close of 6.9230. The basket implied change is 442 pips higher than the previous official spot USD/CNY close (6.9672 from 6.9230), Nomua adds.

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