USD/CNY fix model - Projection: 6.6358 - Nomura

Nomura's model projects the fix to be 34 pips higher than the previous fix (6.6358 from 6.6324) and 106 pips lower than the previous official spot USD/CNY close of 6.6464. The basket implied change is 158 pips lower than the previous official spot USD/CNY close (6.6306 from 6.6464), Nomura adds.