USD/CNY fix model : Projection at 6.6498 - Nomura

Nomura's model projects the fix to be 96 pips lower than the previous fix (6.6498 from 6.6594) and 121 pips lower than the previous official spot USD/CNY close of 6.6619. The basket implied change is 182 pips lower than the previous official spot USD/CNY close (6.6437 from 6.6619) , Nomura adds.