US President-elect Donald Trump vowed to impose additional tariffs on Mexico and other countries on his first day in office. Strategists say this marks the beginning of wild fluctuations in the foreign exchange market. They warned that underestimating the policy's impact on exchange rates is risky for investors. Kamakshya Trivedi, head of global foreign exchange, interest rate and emerging market strategy research at Goldman Sachs, said, “I think investors' first reaction is to be prepared for sharp fluctuations in the foreign exchange market, because currency is to some extent the main means of responding to any kind of tariff statement.”]

US President-elect Donald Trump vowed to impose additional tariffs on Mexico and other countries on his first day in office. Strategists say this marks the beginning of wild fluctuations in the foreign exchange market. They warned that underestimating the policy's impact on exchange rates is risky for investors. Kamakshya Trivedi, head of global foreign exchange, interest rate and emerging market strategy research at Goldman Sachs, said, “I think investors' first reaction is to be prepared for sharp fluctuations in the foreign exchange market, because currency is to some extent the main means of responding to any kind of tariff statement.”]