USD/CNY fix model: Projection at 6.4786 - Nomura

Nomura's model projects the fix to be lower by 168 pips from the previous fix (6.4786 from 6.4954) and lower by 32 pips from the previous spot USD/CNY official close 6.4818. The basket implied change is lower by 64 pips from the previous spot USD/CNY official close (6.4754 from 6.4818), Nomura adds.