USD/CNY fix model: Projection at 6.8582 - Nomura

Nomura's model projects the fix to be 6 pips lower than the previous fix (6.8582 from 6.8588) and 198 pips lower than the previous official spot USD/CNY close of 6.8780. The basket implied change is 261 pips lower than the previous official spot USD/CNY close (6.8519 from 6.8780), Nomura adds.