USD/CNY fix model: Projection at 6.6840 - Nomura

Nomura's model projects the fix to be 17 pips lower than the previous fix (6.6840 from 6.6857) and 60 pips lower than the previous official spot USD/CNY close of 6.6900. The basket implied change is 88 pips lower than the previous official spot USD/CNY close (6.6812 from 6.6900), Nomura adds.