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Is the Federal Reserve Going to Slow Down Their Hiking Cycle?
Dollar weakened first against the yen and the swiss frank on, it also moved to er, again, weaken against a basket of emerging market commodity exporters. People that have been very underlocated or stopped out in brazilian royal and in ose dollar, now they see ill differential that is going to remain there for a while. They see that carry being very attractive against lower levels of implied volatility going forward. If economic growth apparenty has to be rerated higher than commodity export or syclical economis, like australia and b Brazil do well. I don't think it could last. We'd love a question from the audience. So yes, anyone would