USD/CNY fix model: Projection at 6.7207

Nomura's model projects the fix to be 89 pips lower than the previous fix (6.7207 from 6.7296) and 92 pips lower than the previous official spot USD/CNY close of 6.7299. The basket implied change is 144 pips lower than the previous official spot USD/CNY close (6.7155 from 6.7299), Nomura adds.