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 questions does the market have regarding the future of the trade deal?

In what ways could the market's optimism be affected by upcoming events, such as the November election?