USD/CNY fix model: Projection at 6.6788 - Nomura

Nomura's model projects the fix to be 158 pips lower than the previous fix (6.6788 from 6.6946) and 8 pips higher than the previous official spot USD/CNY close of 6.6780. The basket implied change is 10 pips higher than the previous official spot USD/CNY close (6.6790 from 6.6780), Nomura adds.