USD/CNY fix model: Projection at 6.6710 - Nomura

Nomura's model projects the fix to be 146 pips lower than the previous fix (6.6710 from 6.6856) and 80 pips lower than the previous official spot USD/CNY close of 6.6790. The basket implied change is 118 pips lower than the previous official spot USD/CNY close (6.6672 from 6.6790), Nomura adds.