USD/CNY fix model: Projection at 6.4973 - Nomura

Nomura's model projects the fix to be lower by 236 pips from the previous fix (6.4973 from 6.5209) and lower by 147 pips from the previous spot USD/CNY official close 6.5120. The basket implied change is lower by 228 pips from the previous spot USD/CNY official close (6.4892 from 6.5120), Nomura adds.