USD/CNY fix model: Projection at 6.6891 - Nomura

Nomura's model projects the fix to be 403 pips higher than the previous fix (6.6891 from 6.6488) and 203 pips higher than the previous official spot USD/CNY close of 6.6688. The basket implied change is 552 pips higher than the previous official spot USD/CNY close (6.7240 from 6.6688), Nomura adds.