USD/CNY fix model: Projection at 6.5450 - Nomura

Nomura's model projects the fix to be 5 pips lower than the previous fix (6.5450 from 6.5455) and 69 pips lower than the previous official spot USD/CNY close of 6.5519. The basket implied change is 101 pips lower than the previous official spot USD/CNY close (6.5418 from 6.5519), Nomura adds.