The Dollar Isn't as Attractive as It Has Been All Year

Eberia: We don't think that there will be durable implications from the midterm elections. Inflation and global growth are far more important drivers of the dollar than this specific or even more generally political considerations in the US. So we don't expect a breakthrough in reopening into year-end. And even seasonally, that would be hard to imagine. But I do also want to emphasize what we've seen over the last week, particularly with China-related assets.