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NY Mellon Says Greek Exit May Weaken Asia Currencies

BEIJING--Asian countries should be on guard against currency depreciation in the event of a Greek exit from the euro, Samarjit Shankar, managing director of Foreign Exchange Research at Bank of New York Mellon Corp. (BK) siad Thursday. Speaking to reporters in Beijing, Mr. Shankar predicted that there will be no quick resolution to the euro-zone debt crisis, no matter who prevails in Greece's elections this weekend. China's yuan is likely to remain relatively steady against the dollar for the remainder of the year as the government attempts to support growth. The yuan is likely to trade in a range between 6.2 and 6.4 to the dollar for the remainder of the year, he said. Meanwhile, the U.S. dollar is likely to remain relatively strong, as its safe-haven status will ensure steady capital inflows, and another round of quantitative easing by the Federal Reserve is unlikely given exceptionally low yields on U.S. Treasurys, he said. Write to Grace Zhu at grace.zhu@dowjones.com

Stock News for Bank of N Y (BK)
DateTimeHeadline
05/02/201618:50:17Statement of Changes in Beneficial Ownership (4)
05/02/201616:24:02Current Report Filing (8-k)
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04/26/201617:46:09Statement of Changes in Beneficial Ownership (4)
04/26/201617:45:42Statement of Changes in Beneficial Ownership (4)
04/26/201617:45:17Statement of Changes in Beneficial Ownership (4)
04/26/201617:44:49Statement of Changes in Beneficial Ownership (4)
04/26/201617:44:23Statement of Changes in Beneficial Ownership (4)
04/26/201617:43:43Statement of Changes in Beneficial Ownership (4)
04/26/201617:43:17Statement of Changes in Beneficial Ownership (4)
04/26/201617:42:24Statement of Changes in Beneficial Ownership (4)
04/26/201617:41:50Statement of Changes in Beneficial Ownership (4)
04/26/201617:41:19Statement of Changes in Beneficial Ownership (4)
04/26/201616:05:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/26/201616:03:50Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/26/201610:20:00MIT Sloan CIO Symposium Names Leading Chief Information Officers...
04/25/201617:20:51Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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