USD/CNY fix model: Projection at 6.4658 - Nomura

Nomura's moodel projects the fix to be higher by 46 pips from the previous fix (6.4658 from 6.4612) and lower by 18 pips from the previous spot USD/CNY official close (6.4676). Nomura adds that "the basket implied change is lower by 37 pips from the previous spot USD/CNY official close (6.4639 from 6.4676)."