USD/CNY fix model: Projection at 6.6847 - Nomura

Nomura's model projects the fix to be 69 pips higher than the previous fix (6.6847 from 6.6778) and 81 pips higher than the previous official spot USD/CNY close of 6.6766. The basket implied change is 105 pips higher than the previous official spot USD/CNY close (6.6871 from 6.6766), Nomura adds.