USD/CNY fix model: Projection at 6.6458- Nomura

Nomura's model projects the fix to be 280 pips lower than the previous fix (6.6458 from 6.6738) and 255 pips lower than the previous official spot USD/CNY close of 6.6713. The basket implied change is 457 pips lower than the previous official spot USD/CNY close (6.6256 from 6.6713), Nomura adds.