USD/CNY fix model: Projection at 6.6275 - Nomura

Nomura's model projects the fix to be 176 pips lower than the previous fix (6.6275 from 6.6451) and 114 pips lower than the previous official spot USD/CNY close of 6.6389. The basket implied change is 172 pips lower than the previous official spot USD/CNY close (6.6217 from 6.6389), Nomura adds.