USD/CNY fix model: Projection: 6.6603 - Nomura

Nomura's model projects the fix to be 78 pips lower than the previous fix (6.6603 from 6.6681) and 109 pips lower than the previous official spot USD/CNY close of 6.6712. The basket implied change is 164 pips lower than the previous official spot USD/CNY close (6.6548 from 6.6712), Nomura adds.