USD/CNY fix model - Projection at 6.5765 - Nomura

Nomura's model projects the fix to be 236 pips lower than the previous fix (6.5765 from 6.6001) and 118 pips lower than the previous official spot USD/CNY close of 6.5883. The basket implied change is 178 pips lower than the previous official spot USD/CNY close (6.5705 from 6.5883), Nomura adds.