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USD/CNY fix model: Projection at 6.8804 - Nomura

Nomura's model projects the fix to be 154 pips lower than the previous fix (6.8804 from 6.8958) and 145 pips lower than the previous official spot USD/CNY close of 6.8949. The basket implied change is 181 pips lower than the previous official spot USD/CNY close (6.8768 from 6.8949), Nomura adds. 

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