USD/CNY fix model: Projection at 6.4693 - Nomura

Nomura's model projects the fix to be higher by 104 pips from the previous fix (6.4693 from 6.4589) and lower by 162 pips from the previous spot USD/CNY official close 6.4855. Nomura adds that the basket implied change is lower by 362 pips from the previous spot USD/CNY official close (6.4493 from 6.4855).