As yuan skids, markets bet more depreciation is in store [Globe and Mail, The (Toronto, Canada)]
NATL AUSTRALIA BK S/ADR (NABZY)
NASDAQ:AMEX Investor Relations:
nab.com.au/about-us/shareholder-centre
Company Research
Source: Globe and Mail, The
Several signals have stirred that speculation. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbors South Korea, Thailand and Taiwan drop more sharply. The People's Bank of China (PBOC) also appears to have loosened its grip on the yuan, allowing it to fall to the weak side of the 7.2-per-dollar level that state-owned banks had staunchly defended in the past, though it has continued to lend some support through stronger-than-expected settings of the daily mid-point for the currency. Last Friday, traders took the absence of state banks in the market to push the yuan to 7.23 to a dollar initially, and even though state banks eventually stepped in the yuan saw its biggest daily drop in nearly 3 months. Analysts at National Australia Bank (NAB) said it was “more than coincidental” that the PBOC's defense of the yuan had relaxed in the same week the Bank of Japan abandoned its
Show less
Read more
Impact Snapshot
Event Time:
NABZY
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 | ||
| Ticks | ||
|
|
Avg transaction size |
|
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NABZY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NABZY alerts
High impacting NATL AUSTRALIA BK S/ADR news events
Weekly update
A roundup of the hottest topics
NABZY
News
- Bank of Japan keeps low rates, sees inflation on track to hit target in coming years [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- GLOBAL MARKETS-Asia stocks rise, yen falls as BOJ stands pat on rates [Yahoo! Finance]Yahoo! Finance
- Is There An Opportunity With Briscoe Group Limited's (NZSE:BGP) 41% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- New Zealand Inflation Tipped to Slow Toward RBNZ's Target Band [Yahoo! Finance]Yahoo! Finance
- New Zealand Inflation Tipped to Slow Toward RBNZ's Target Band [BNN Bloomberg (Canada)]BNN Bloomberg