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Stock impact report

China Draws a Red Line for the Yuan as Trump Risks Return [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg New York City's ‘Living Breakwaters' Brace for Stormier Seas In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge The People's Bank of China has consistently set its daily reference rate — Beijing's preferred tool to guide yuan expectations — stronger than 7.2 per dollar since the US election, despite wild swings in the greenback and increasing predictions by analysts that the central bank would buckle. The PBOC set the fixing at a one-week high on Tuesday, pushing back against a widespread selloff versus the dollar after Trump took to social media to promise fresh tariffs. The combination of tariff threats from the US and currency control by China's central bank offers traders a reminder of the tug-of-war that took place during Trump's first term. But this time around, the stakes are even higher: Show less Read more
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