USD/CNY fix model: Projection at 6.5513 - Nomura

Nomura's model projects the fix to be 280 pips lower than the previous fix (6.5513 from 6.5793) and 342 pips lower than the previous official spot USD/CNY close of 6.5855. The basket implied change is 940 pips lower than the previous official spot USD/CNY close (6.4915 from 6.5855), Nomura adds.