mark: sam mamudi, let's get more from gilles moec. the dollar you want is a clear trend.espite -- the spike up -- january is when we had all of that volatility. we have been creeping up to ,hose january record levels since the evaluation in august. can china manage when the fed could hike rates? gilles: they have managed to keep their economy afloat. that is more than what we could say at the beginning of the year. in january,nged is february, you have those -- on top of massive uncertainty on where the chinese economy was going. what they have done in between is the sense of chinese demand would take a collapse. world, iest of the want to look at what it means for me, when we had was a lack of demand from china. the possibility that they would aggressively manage their currency down. what we have now is creeping depreciation. at the same time, an economy that is doing ok, that is not falling off a cliff that was expected in january and february. things have improved. the problem we have with china is that when i look at the china gdp
