USD/CNY fix model: Projection at 6.6501 - Nomura

Nomura's model projects the fix to be 151 pips lower than the previous fix (6.6501 from 6.6652) and 77 pips lower than the previous official spot USD/CNY close of 6.6578. The basket implied change is 114 pips lower than the previous official spot USD/CNY close (6.6464 from 6.6578), Nomura adds.