Katzive: Carry Trade Unwind Could Have Further to Run

The transcript discusses the potential impact of Trump's proposals on fiscal stimulus and market dynamics, particularly focusing on emerging market currencies and the FX market. It highlights the challenges and opportunities for currencies like the peso and Brazilian real, and examines the disconnects in the FX market. The discussion also covers the performance of Sterling and its implications for trade and market positions.

What is one potential consequence of increased fiscal stimulus in the US as discussed in the video?

• Decreased market volatility

• Tighter Fed policy

• Lower long-term yields

• Stronger EM currencies

What could potentially slow down the Fed's ability to tighten according to the video?

• A significant EM unwind

• Increased trade protectionism

• A strong US equity market

• A stable S&P index

Which currency is mentioned as having potential value despite market adjustments?

• Russian Ruble

• Chinese Yuan

• Brazilian Real

• Indian Rupee

What is a characteristic of the dollar's rise mentioned in the video?

• It is driven by trade agreements

• It is selective and targeted

• It is fairly indiscriminate

• It is limited to developed markets

What recent event is suggested to have influenced the British pound's performance?

• A new EU trade agreement

• Discussions of a US-UK trade access

• A decrease in US dollar strength

• A rise in UK interest rates