USD/CNY fix model: Projection at 6.4655 - Nomura

Nomura's model projects the fix to be higher by 70 pips from the previous fix (6.4655 from 6.4585) and higher by 11 pips from the previous spot USD/CNY official close 6.4644.

Nomura adds that "the basket implied change is higher by 14 pips from the previous spot USD/CNY official close (6.4658 from 6.4644)."