So let's start with that and your thoughts on the US yields and as well as the fears of another round of USD debasement, please.

Yeah, I think obviously when you get the authorities trying to step in and influence market pricing, the markets very often are skeptical and become concerned about risks of credibility and failure.

And in a way, I can certainly understand this kind of theme that's coming back in terms of US dollar debasement.

The dollar's bounced back a little bit now, but earlier today, the dollar was down by the largest amount over a four-week period, which captures the week in which we had the supposed joint intervention.

And it was a drop of nearly 3%, which was the biggest over that period since the period after Liberation Day, 2025.

And the common theme between those two periods, obviously, is it was instigated by US dollar policy initiatives of some sort.

So it does kind of fuel that perception that there is this kind of underlying wish for the Trump administration to want a weaker dollar.

What role, if any, did Warsh have with what has unfolded this week? And just to tie into that, is it possible to get a repeat of USD debasement selling as in January? And how are the Middle East risks maybe hampering that a little bit?