vassili, do you agree? vassili: i do agree with that.eis probably not going to an overwhelming focus in terms of the levels of the exchange rate. what is the focus as we've been talking about here is just the access to dollar liquidity. that being said, i think you kind of raised the right question for a while from now, so this is not next week's or next month's problem. some investors are starting to contemplate that, when yields have pretty much fallen to zero. market has been largely driven by yields in their history, but when yields have fallen to zero, and really don't have much space to move, what else moves foreign-exchange? does this then become more of a policy tool directly for governments and central banks? we are certainly not there yet, but i think that is going to be a question that is going to come up sooner or later. alix: i've been hearing a lot of and bund spreads continue to narrow. damian, what is the importance of oil stabilization to the rest of the market when everyone says it is not like 2015, it is not like 2008