×
-1.74489617861131E-06 0 -0.000872448089338635 -0.0006805095096842 8.72448089339131E-05 -0.000697958471470933 -0.000436224044669317 0.00052346885360323
Stockreport

Market Extra: Here’s why a trade-war selloff won’t spark intervention in China’s yuan [MarketWatch]

BANK of NEW YORK MELLON (BK)  More Company Research Source: MarketWatch
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF Here’s why a trade-war selloff won’t spark intervention in China’s yuan The selloff in the yuan intensified on Tuesday, spilling into other assets, but isn’t yet reason for panic, analysts said. The yuan, both in its onshore USDCNY, +0.7284% and offshore USDCNH, +0.4044% form, first hit a 5-month low on Monday when currencies reacted to the heightened trade tensions between China and the U.S. Late Monday, President Donald Trump threatened further tariffs and on Tuesday the currency dropped through its 200-day moving average. The People’s Bank of China has been watching this market-driven devaluation from the sidelines so far, analysts said, and it should remain hands-off for now. “It’s hard to see why Beijing would want to actively weaken its currency, via intervention, given it would mean its exposure to the U.S. via holdings of U.S. Treasurys would likely increase as a result, unless it diversified the fresh FX reserves at a particularly aggressive pace,” wrote Simon Derrick, [Read more]

IMPACT SNAPSHOT EVENT TIME: BK
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
BK alerts
from News Quantified
Opt-in for
BK alerts

from News Quantified
Opt-in for
BK alerts

from News Quantified