The Downtrend in the Dollar After CPI

countries with higher yields attract money so that's why dollar yen for example went from like 105 to 150 last year because u.s was hiking and japan was pegging yields. That yield differential got so big that it's really attractive to own dollars and not yen but then if yields are coming off generally it's just like it's less attractive to be in that currency. For example aussie the australian dollar has been very weak relative to what you would expect because the reserve bank there is just like crazy looselike real rates in australia and negative three percent or something. But we're not in that right now well that's kind of in the framework for a while.