USD/CNY fix model: Projection at 6.5134 - Nomura

Nomura's model projects the fix to be lower by 98 pips from the previous fix (6.5134 from 6.5232) and lower by 26 pips from the previous spot USD/CNY official close 6.5160.

Nomura adds: "The basket implied change is lower by 53 pips from the previous spot USD/CNY official close (6.5107 from 6.5160)."