if you look at euro-dollar, there is reason for caution, but onil we have more confidence the passagecovery from, euro-dollar will range little.20, so this is a pause and has not given the market encouragement as to when the fed might be delivering forward guidance, and pulling back from adopting a yield curve control policy, so that is the pretext for this risk correction in the moves in the dollars recently. outcome of the u.s. election, will it change that? will we get a more consistent were coherent virus strategy? ray: it will be relevant. u.s. stock markets have only taken notice of the elections a couple of months leading up to it. if the market becomes confident in a joe biden victory, the implications for regulation, health and finance, and other something ofd have an upset to sentiment in the lead up to the election, which would be expected to be u.s. dollar supportive, but given what central banks are doing, it is not abundantly clear there will be a correction. the election outcome will be balancing risk factors for particular equity sectors with the broader thrust of what