USD/CNY fix model: Projection at 6.5976 - Nomura

Nomura's model projects the fix to be 185 pips higher than the previous fix (6.5976 from 6.5791) and 71 pips higher than the previous official spot USD/CNY close of 6.5905. The basket implied change is 91 pips higher than the previous official spot USD/CNY close (6.5996 from 6.5905), Nomura adds.