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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
06/29/201506:00:00BNY Mellon appointed to provide alternatives depositary and administration...
06/25/201505:00:00Achmea Deploys BNY Mellon's Eagle Data Management to Help Support...
06/25/201505:00:00Achmea Deploys BNY Mellon's Eagle Data Management to Help Support...
06/24/201515:54:12Annual Report of Employee Stock Plans (11-k)
06/24/201513:10:06New York Fed Says Last of Repo Reforms May Take More Time
06/24/201513:03:05New York Fed Says Last Pieces of Repo Reforms May Take Longer...
06/24/201508:30:00BNY Mellon to Host Second-Quarter 2015 Earnings Conference Call...
06/23/201512:30:05KPMG's Affiliate Under Investigation by U.K. Regulator
06/23/201512:22:26KPMG's Affiliate Under Investigation by U.K. Regulator
06/15/201509:00:00BNY Mellon and The Forbes Funds Announce Social Innovation Challenge...
06/15/201507:25:00Alan Flanagan Named Global Head of Private Equity and Real Estate...
06/10/201507:23:48Current Report Filing (8-k)
06/10/201506:54:02Billionaire Hedge-Fund Manager Nelson Peltz's Favorite Bank Stock
06/04/201512:00:00BNY Mellon's Pershing Leverages Big Data Analytics to Deliver...
06/04/201510:00:00Alternative Investments Diversify Portfolios but Some Advisors...
06/04/201506:30:00BNY Mellon claims top spot in key EMEA & Asia-Pacific rankings...
06/03/201515:00:00BNY Mellon's Pershing Introduces Managed360™ to Help Advisors E...
06/03/201513:00:00Threat or Opportunity? BNY Mellon's Pershing Study Finds Advisors...
06/03/201511:00:00BNY Mellon's Pershing Implements Multi-faceted Digital Enablement...
06/02/201508:06:00Funded Status of U.S. Corporate Pensions Rises to 91.6 Percent...

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