Purves: Trump Handed China, Mexico a Surplus Through FX

The video discusses the impact of currency trends, particularly the weakening of currencies and the strength of the dollar, on global risk and financial stability. It highlights the complexities of these dynamics, including the role of the dollar as a tightening mechanism and its effects on emerging markets. The discussion also touches on the potential implications of Trump's policies on trade and currency, as well as the challenges faced by the Federal Reserve in managing inflation and interest rates.

What role does the dollar play in tightening conditions in emerging markets?

What are the known and unknown factors regarding the Trump agenda's impact on global stability?