USD/CNY fix model: Projection at 6.9090 - Nomura

Nomura's model1 projects the fix to be 145 pips lower than the previous fix (6.9090 from 6.9235) and 176 pips lower than the previous official spot USD/CNY close of 6.9266. The basket implied change is 237 pips lower than the previous official spot USD/CNY close (6.9029 from 6.9266), Nomura adds.