USD/CNY projection at 6.7534 - Nomura

Nomura's model projects the fix to be 77 pips lower than the previous fix (6.7534 from 6.7611) and 46 pips lower than the previous official spot USD/CNY close of 6.7580. The basket implied change is 55 pips lower than the previous official spot USD/CNY close (6.7525 from 6.7580), Nomura adds.