USD/CNY fix model: Projection at 6.4851 - Nomura

Nomura's model projects the fix to be lower by 40 pips from the previous fix (6.4851 from 6.4891) and lower by 24 pips from the previous spot USD/CNY official close 6.4875. The basket implied change is lower by 48 pips from the previous spot USD/CNY official close (6.4827 from 6.4875), Nomura adds.