Kamakshya Trivedi, head of Global Foreign Exchange at Goldman Sachs Research, and Praneet Shah, co-head of Global G10 FX Options Trading, dive into the fallout of the Japanese yen carry trade collapse. They break down how investors exploit low-interest currencies for high returns, and why the recent unwind sent shockwaves through global markets. The duo analyzes historical trends, current economic signals, and the implications for investment portfolios amid rising market volatility. Their insights help clarify the evolving landscape of currency trading.

What’s behind the volatility in the currency markets—and how much higher can the dollar go? In the latest episode of Exchanges at Goldman Sachs, Kamakshya Trivedi, Head of Global Foreign Exchange, Interest Rates and Emerging Markets Strategy, discusses what a surging US dollar and falling currencies across markets from the UK and Japan to China and Europe mean for global growth.

Emily Roland, Co-Chief Investment Strategist at John Hancock, emphasizes staying invested but warns against overvaluation risks amidst global rate cuts. Kamakshya Trivedi from Goldman Sachs discusses the dollar's limits in depreciation and the dynamics of the foreign exchange market. Meanwhile, Lord John Browne, former CEO of BP, examines the future of the energy sector as the Three Mile Island nuclear plant reopens, highlighting the intersection of AI, energy demands, and climate solutions.