Credit Suisse's Farris Sees ECB Turning a Bit More Hawkish

The transcript discusses the reactions of central banks in Asia to the Fed's actions, focusing on the ECB's potential QE exit and its impact on the euro. It highlights the stability of the eurozone despite political concerns in Italy and Spain. The discussion also covers economic data, inflation, and the ECB's confidence, predicting a recovery in Europe due to strong financial balances and falling unemployment.

What was the initial reaction of the dollar to the Federal Reserve's guidance on rate hikes?

• The dollar had no reaction.

• The dollar remained stable.

• The dollar weakened significantly.

• The dollar initially strengthened.

What could potentially support the euro according to the discussion?

• The ECB signaling an exit from the QE program.

• A political crisis in Italy.

• A strong US dollar.

• A decrease in ECB interest rates.

How did the Italian political situation affect the eurozone's perceived risk?

• It caused a financial crisis.

• It reduced perceptions of existential risk.

• It had no impact on the eurozone.

• It increased the existential risk significantly.

What was the main reason for the weakened European data in the first quarter?

• A decrease in consumer spending.

• A major fiscal tightening.

• An inventory correction.

• A rise in unemployment.

What is the expectation for Europe's economic recovery in the coming quarters?

• No change in economic conditions.

• A rapid acceleration in growth.

• A slow and steady recovery.

• A significant decline in economic activity.