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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
02/16/201712:09:00BNY Mellon's Albridge Begins the Rollout of Its Fully Redesigned...
02/14/201718:27:36Statement of Changes in Beneficial Ownership (4)
02/14/201718:25:47Statement of Changes in Beneficial Ownership (4)
02/14/201718:18:03Statement of Changes in Beneficial Ownership (4)
02/10/201717:25:00Statement of Changes in Beneficial Ownership (4)
02/10/201717:24:10Annual Statement of Changes in Beneficial Ownership (5)
02/10/201711:53:51Amended Statement of Ownership (sc 13g/a)
02/07/201717:07:14Current Report Filing (8-k)
02/06/201713:34:00Amended Statement of Ownership (sc 13g/a)
02/03/201717:06:28Statement of Changes in Beneficial Ownership (4)
02/03/201717:06:04Statement of Changes in Beneficial Ownership (4)
02/03/201717:05:12Statement of Changes in Beneficial Ownership (4)
02/03/201717:04:19Statement of Changes in Beneficial Ownership (4)
02/02/201711:47:00A.M. Best Affirms Credit Ratings of BNY Trade Insurance, Ltd...
02/01/201717:09:34Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/01/201717:08:43Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/01/201706:08:40Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/01/201706:08:39Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
01/30/201717:16:19Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
01/30/201717:13:46Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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