USD/CNY fix model: Projection at 6.4856 - Nomura

Nomura's model projects the fix to be higher by 291 pips from the previous fix (6.4856 from 6.4565) and higher by 113 pips from the previous spot USD/CNY official close 6.4743. The basket implied change is higher by 614 pips from the previous spot USD/CNY official close (6.5357 from 6.4743), Nomura adds.