Nomura's Rochester Sees 20% Chance of U.S. Currency Intervention

The transcript discusses the tolerance of currency weakness, particularly in China, and the impact of US tariffs on currency movements. It explores the potential for Chinese policy to smooth currency fluctuations and the possibility of US currency intervention. The discussion also covers current trends in the G10 currency market, highlighting risk sentiment and specific trades.

What was the unexpected factor in the currency movement discussed in the first section?

• The timing of the movement

• The direction of the movement

• The speed of the movement

• The magnitude of the movement

What is the predicted range for the Chinese Yuan by the end of the year according to the discussion?

• 6.80 to 7.00

• 7.40 to 7.60

• 7.00 to 7.20

• 7.20 to 7.40

What is the probability of US currency intervention in the next three months as mentioned in the second section?

• 10%

• 20%

• 30%

• 40%

Which currency is identified as the shock absorber in the G10 market?

• Japanese Yen

• Australian Dollar

• British Pound

• Euro

What is the expected impact of Brexit on currency positions according to the final section?

• Strengthening of the British Pound

• No impact on the Euro

• Strengthening of the Euro

• Weakening of the Euro