ECB Buys Up $2.2B in Covered Bonds

The video covers FX headlines, starting with the European market where the ECB's asset purchases exceeded expectations. It then shifts focus to the Brazilian real, which hit a nine-year low following President Dilma Rousseff's reelection, with forecasts suggesting further depreciation. Finally, the video discusses potential changes in inflation projections in Asia due to falling oil prices.

What percentage does the bank predict the Brazilian real will need to fall by to reach fair value?

What potential action is being considered by officials in Asia regarding inflation?