Brazil Market Rout Deepens as Rousseff Surges

The video covers FX headlines for October 2nd, focusing on Brazil's political situation affecting investor confidence, leading to a drop in stocks and currency. It also discusses the US dollar's strength and its impact on Treasury yields, with potential for further gains against the euro. Finally, it previews Australian trade data, expecting a narrowing trade deficit.

What was the reaction of investors to the potential re-election of President Dilma Rousseff in Brazil?

• The currency reached its highest level in 6 years

• Investors showed confidence in the political outlook

• The stock market rose by 8%

• Stocks fell by nearly 8% and the currency hit a 6-year low

What milestone did the US dollar index achieve according to the report?

• A 5-year low

• A 52-week low

• A 52-month high

• A 10-year high

How did the US dollar perform against the Japanese yen?

• It had no change

• It strengthened too much and too fast

• It remained stable

• It weakened significantly

What is the expected change in the Australian trade deficit?

• It is expected to narrow further

• It is expected to widen

• It is expected to remain the same

• It is expected to disappear

What is the expected value of the Australian trade deficit?

• $1 billion

• $800 million

• $1.5 billion

• $500 million