usy are expecting -- joining is christopher brankin from ameritrade asia. thank you for joining us.e us your base case as to what happens and what needs to happen for the dollar to appreciate. the way the market is going, it is being mispriced. christopher: i think so. i am in the camp that we will more rate hikes for the remainder of 2016. so the feds stick to the 1% mandate or goal for the year, in terms of where the rates are being held. along with the fact that the u.s. is going to be tightening everything from the ecb, jcb, australia looking to ease its policy, those things in tandem will appreciate the u.s. dollar in the near two midterm. but i would definitely like to see the u.s. dollar appreciate in the latter part of this year. rishaad: but the spreads remain roughly the same. it is about the margin, isn't it? get more base points this year? christopher: i think so. don't worry about the next time the fed raises rates. worry more about the church rectory. as we keep pushing this down the road and keep these policies. correlation, these will strengthen the u.s. dollar going