USD/CNY fix model: Projection at 6.6398 - Nomura

Nomura's model projects the fix to be 32 pips lower than the previous fix (6.6398 from 6.6430) and 8 pips lower than the previous official spot USD/CNY close of 6.6406. The basket implied change is 12 pips lower than the previous official spot USD/CNY close (6.6394 from 6.6406), Nomura adds.