USD/CNY fix model: Projection at 6.5059 - Nomura

Nomura's model projects the fix to be higher by 123 pips from the previous fix (6.5059 from 6.4936) and higher by 90 pips from the previous spot USD/CNY official close 6.4969.

Nomura adds: "The basket implied change is higher by 149 pips from the previous spot USD/CNY official close (6.5118 from 6.4969)."