Foley: Volatile Ride in FX for Weeks, Months Ahead

The transcript discusses the impact of a recent election on global currency markets, highlighting expected volatility in foreign exchange. It examines the potential downside for the US dollar and vulnerabilities of currencies like the Mexican peso and Canadian dollar due to trade concerns. The discussion extends to emerging markets and European currencies, noting the influence of political events like the Italian referendum. The conversation concludes with a reflection on rising nationalism and skepticism towards globalization in the US and Europe.

What is expected to happen to the US dollar as we approach the Trump inauguration?

• It will remain stable.

• It will significantly strengthen.

• It will face further downside potential.

• It will become the strongest currency globally.

Which currency is highlighted as being particularly volatile following the US election?

• Japanese yen

• Euro

• Mexican peso

• Canadian dollar

What political event in Europe is mentioned as potentially influencing emerging markets?

• Brexit

• Italian referendum

• French presidential election

• German federal election

What trend is observed in global economic relations following the US election?

• Stable international cooperation

• Rise of nationalistic tendencies

• Decline in trade barriers

• Increased globalization

How are people in the US and Europe reacting to globalization according to the transcript?

• They are unaware of it.

• They are rebelling against it.

• They are indifferent to it.

• They are embracing it.