USD/CNY fix projections - Nomura

Nomura's USD/CNY fix model was projected at 6.4748.

Key Quotes:

"Our model1 projects the fix to be lower by 160 pips from the previous fix (6.4748 from 6.4908) and lower by 68 pips from the previous spot USD/CNY official close 6.4816. 

The basket implied change is lower by 140 pips from the previous spot USD/CNY official close (6.4676 from 6.4816)."