USD/CNY fix model: Projection at 6.8833 - Nomura

Nomura's model projects the fix to be 14 pips higher than the previous fix (6.8833 from 6.8819) and 19 pips higher than the previous official spot USD/CNY close of 6.8814. The basket implied change is 52 pips higher than the previous official spot USD/CNY close (6.8866 from 6.8814), Nomura adds.