ECB Buys Up $2.2B in Covered Bonds

The video covers FX headlines, starting with the European market where the ECB's asset purchases exceeded expectations. It then shifts focus to the Brazilian real, which hit a nine-year low following President Dilma Rousseff's reelection, with forecasts suggesting further depreciation. Finally, the video discusses potential changes in inflation projections in Asia due to falling oil prices.

What was the amount of covered bonds purchased by the ECB in its first week of asset purchases?

• $1.5 billion

• $2.2 billion

• $4.5 billion

• $3.0 billion

Which bank suggested that the ECB would need to buy other assets to meet its targets?

• Goldman Sachs

• BBVA

• Morgan Stanley

• Commerce Bank

What event caused the Brazilian real to drop to a nine-year low?

• A rise in oil prices

• The reelection of President Dilma Rousseff

• An increase in US interest rates

• A change in ECB policy

By what percentage does Goldman Sachs predict the Brazilian real needs to fall by 2017?

• 30%

• 10%

• 40%

• 20%

What factor is causing some Asian central banks to consider changing their inflation projections?

• Higher interest rates

• Increased consumer spending

• Falling oil prices

• Rising commodity prices