USD/CNY fix model: Projection at 6.5414 - Nomura

Nomura's model projects the fix to be 96 pips lower than the previous fix (6.5414 from 6.5510) and 19 pips lower than the previous official spot USD/CNY close of 6.5433. The basket implied change is 28 pips lower than the previous official spot USD/CNY close (6.5405 from 6.5433), Nomura adds.