Top Yuan Forecasters See Rebound in Asia’s Worst Currency

The yuan is poised to recover from declines that have made it Asia’s worst-performing currency as China seeks to prevent an exodus of capital that would threaten economic growth, according to the most accurate forecasters.

Nomura Holdings Inc., which had the best estimates for the yuan over the past four quarters in data compiled by Bloomberg, predicts a 3.3 percent advance to 6 per dollar by Dec. 31, matching the median projection of analysts surveyed by Bloomberg. Japan’s biggest brokerage said the People’s Bank of China engineered the yuan’s 2.3 percent loss since the start of 2014 to help curb speculative bets on appreciation. Second-ranked Scotiabank forecasts a year-end exchange rate of 5.98.