more on the fx space, rates and strategist, david finnerty is here. kened on the back of the rrr cut, but it is still a weak currency. david: it has had a good week. but is it out of the woods, i think it is too early to say. the data helped, better than expected. but at the end of the day one piece of data does not make an overall trend. the markets will look for more. the markets want more fiscal stimulus than the monetary stimulus. it is good but fiscal stimulus is what we are looking for. until investors think the economy has turned the corner, pressure will remain. haslina: it remains a dollars story in that fed meeting front and center, expectations that the fed will be able to navigate to a soft landing. and that is lifting the stock market. where's the dollar headed? david: near term, we got past the euro, the weekend euro is helping the dollar. in terms of dollar, we are looking for -- no one is expecting a rate hike next week. by the question is do they leave our rate hike on the table via the dot plot? and more important for the dot plot, th

let's bring in david finnerty. while level could we see the potential intervention here? is this really a concern we need to be thinking about or is this all talk at this time? >> intervention can happen. the markets are a surprise. if anything, i think the markets would be surprised how little mentioned there has been prior to today. japan's top official came after the move yesterday about seeing some speculative moves. it was already nearly 1:48 at the time. the markets want to see where the line was. the markets are reporting higher, if they keep pushing higher. yields are pushing lower. if it moves on the icm data, they will continue their outward grind. this is not speculative, this is based on economic fundamentals. they will happily test the boj. they will be looking for if there is a three weight meeting or the boj could get a rate set -- rate check. until we see action, we are not going to buy. >> that same dynamic of rate different trails -- differentials, it is different than japan. china wants help for their economic growth. why not let the one -- -- let the y

haidi: david finnerty there.gn debt issuances this evening pressure on the central bank to keep funding conditions loose. authorities are pivoting toward stronger fiscal stimulus to spur the recovery. joining us now is our correspondent. why are we seeing this quickening when it comes to issuance? >> china's finance ministry is ramping up on issues, because the main issue is they want to accelerate spending to prop up the economy. based on the data we found on our terminal, china issued a total of 1.2 trillion yuan was sovereign debt, 60 percent higher than the average for the last three years in the highest monthly issue for this year. as i said, the main purpose is to ramped up spending, to help finance projects and other spending to help at this year's gdp target, which is 5%, and china is under pressure because the property market is not doing well, and business confidence remains low following three years of covid lockdown. only the central government is ramping up spending. local governments are pumping up