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 are the implications of currency weakness as discussed in the text?

How do the speakers perceive the actions of Chinese policymakers regarding currency management?

What factors are mentioned that could lead to capital flight concerns in China?

What is the expected impact of potential US currency intervention as discussed in the conversation?

What are the current market sentiments regarding risk and currency positions according to the speakers?