down moreen the peso than 6% against the dollar this year.amics are the main reason for the central bank raising its interest rates again yesterday. >> having a look at the msci, because it is giving argentina and saudi arabia -- granted, the two countries are in emerging market status they will , be added to indices in about a year, joining countries like china, india, turkey, and brazil. tracking stocks, how does this change the outlook for emerging markets as a whole? >> there hasn't been anything particular to long run concerns about trade tensions and what the fed is doing, but there's nothing front and center on that. then to have two major markets like these recognized as being emerging instead of frontier, that's a bit of a plus. in particular, it means that both decisions have been anticipated, in particular the saudi one. if there was any delay, you would have seen some disruption, just because people have loaded up on saudi assets in particular. that's the last thing we want at the moment, dumping a fresh set of emerging-market ass