USD/CNY fix model: Projection at 6.5421 - Nomura

Nomura's model projects the fix to be 110 pips lower than the previous fix (6.5421 from 6.5531) and 19 pips lower than the previous official spot USD/CNY close of 6.5440. The basket implied change is 27 pips lower than the previous official spot USD/CNY close (6.5413 from 6.5440), Nomura adds.