USD/CNY fix model - Projection: 6.6991- Nomura

Nomura's model projects the fix to be 30 pips higher than the previous fix (6.6991 from 6.6961) and 4 pips higher than the previous official spot USD/CNY close of 6.6987. The basket implied change is 5 pips higher than the previous official spot USD/CNY close (6.6992 from 6.6987), Nomura adds.