USD/CNY fix model: Projection at 6.8709 - Nomura

Nomura's model projects the fix to be 378 pips higher than the previous fix (6.8709 from 6.8331) and 139 pips higher than the previous official spot USD/CNY close of 6.8570. The basket implied change is 182 pips higher than the previous official spot USD/CNY close (6.8752 from 6.8570), Nomura adds