Rabobank’s Foley Says FX Market Watching for Cracks in Phase One Deal

The transcript discusses the market's reaction to the Phase One trade deal, highlighting the optimism that has been building since the previous year. It raises questions about whether this optimism will continue or if concerns about the deal's shortfalls will surface. The discussion also touches on the potential impact of the upcoming elections on market sentiment and whether the Phase Two deal will be signed before or after the elections.

What was the market's general sentiment towards the Phase One deal?

• Optimistic

• Indifferent

• Pessimistic

• Confused

What is a potential concern regarding the Phase One deal?

• The shortfalls and cracks in the deal

• Its impact on global warming

• The increase in unemployment rates

• Its effect on technological advancements

What is the market seeking answers about concerning the trade deal?

• The technological advancements due to the deal

• The possibility of a Phase Two deal

• The environmental impact of the deal

• The cultural implications of the deal

When might the questions about the Phase Two deal arise?

• After the November election

• Before the November election

• During the summer

• In the next fiscal year

What could happen if questions about the trade deal arise before the election?

• A surge in technological investments

• No change in market sentiment

• Loss of market optimism

• Increased market optimism