Top ranked yuan forecaster says the decline is nearly over

[thenews]

Svenska Handelsbanken are Bloomberg's top rated RMB forecaster. Kudos to them.

Svenska says the PBOC is going to hit the brakes on yuan deprecation soon

• to avoid sparking global volatility and exacerbating capital outflows
• "They will take a breather now and celebrate that they have managed to depreciate the yuan without creating too much noise and without creating too much capital outflows," said Bjarke Roed-Frederiksen, a Copenhagen-based economist at Handelsbanken, the most accurate yuan forecaster tracked by Bloomberg over the last four quarters.

Further, JPMorgan Asset Management add that

• The case for an end to yuan weakness is supported by its impending entry into the International Monetary Fund's reserves basket in October as well as a dovish Federal Reserve spurring dollar declines
  

There is more at the Bloomberg piece, and given the length and extent of the yuan decline its worth a read more closely