USD/CNY fix model: Projection at 6.9230 - Nomura

Nomura's model projects the fix to be 32 pips lower than the previous fix (6.9230 from 6.9262) and 114 pips lower than the previous official spot USD/CNY close of 6.9344. The basket implied change is 140 pips lower than the previous official spot USD/CNY close (6.9204 from 6.9344), Nomura adds.