USD/CNY fix model: Projection at 6.4729 - Nomura

Nomura's model projects the fix to be lower by 58 pips from the previous fix (6.4729 from 6.4787) and lower by 74 pips from the previous spot USD/CNY official close 6.4803. The basket implied change is lower by 154 pips from the previous spot USD/CNY official close (6.4649 from 6.4803), Nomura adds.