Nomura's model projects the fix to be 8 pips higher than the previous fix (6.5792 from 6.5784) and 33 pips lower than the previous official spot USD/CNY close of 6.5825. The basket implied change is 48 pips lower than the previous official spot USD/CNY close (6.5777 from 6.5825) , Nomura adds.
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