In this episode, Brent Donnelly joins the show to discuss his tariff expectations, how that will impact the currency market, and the framework he uses for trading FX. We also delve into carry trades, China and the yuan, and much more. Enjoy!

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https://blockworks.co/event/digital-asset-summit-2025-new-york

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Timestamps:

(00:00) Introduction

(00:13) Make FX Great Again

(01:51) Tariff Expectations

(07:52) Inflation, Yields, & The Dollar

(13:30) Ads (Skale, Ledger)

(14:39) The Fed Reaction Function

(17:27) Equity Valuations

(19:23) FX Framework

(28:02) Ads (Skale, Ledger)

(29:19) Carry Trades

(34:32) BOJ & Market Surprises

(42:17) Canada & CAD/USD

(47:21) China & Yuan

(53:40) Long-Term Dollar View

(56:55) Learn More About Brent’s Work

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.