USD/CNY fix model: Projection at 6.6694 - Nomura

Nomura's model projects the fix to be 214 pips lower than the previous fix (6.6694 from 6.6908) and 105 pips lower than the previous official spot USD/CNY close of 6.6799. The basket implied change is 157 pips lower than the previous official spot USD/CNY close (6.6642 from 6.6799), Nomura adds.