USD/CNY fix model: Projection at 6.8877 - Nomura

Nomura's model projects the fix to be 83 pips higher than the previous fix (6.8877 from 6.8794) and 59 pips higher than the previous official spot USD/CNY close of 6.8818. The basket implied change is 68 pips higher than the previous official spot USD/CNY close (6.8886 from 6.8818), Nomura adds.