{"id":48338,"date":"2026-03-04T07:44:48","date_gmt":"2026-03-04T07:44:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%95%84%ec%8b%9c%ec%95%84-%ec%9e%a5%ec%97%90%ec%84%9c-nzd-usd%eb%8a%94-%ec%a4%91%ea%b5%ad-pmi-%ec%a7%80%ed%91%9c-%ed%98%bc%ec%a1%b0%ec%99%80-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0\/"},"modified":"2026-03-04T07:44:48","modified_gmt":"2026-03-04T07:44:48","slug":"%ec%95%84%ec%8b%9c%ec%95%84-%ec%9e%a5%ec%97%90%ec%84%9c-nzd-usd%eb%8a%94-%ec%a4%91%ea%b5%ad-pmi-%ec%a7%80%ed%91%9c-%ed%98%bc%ec%a1%b0%ec%99%80-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%95%84%ec%8b%9c%ec%95%84-%ec%9e%a5%ec%97%90%ec%84%9c-nzd-usd%eb%8a%94-%ec%a4%91%ea%b5%ad-pmi-%ec%a7%80%ed%91%9c-%ed%98%bc%ec%a1%b0%ec%99%80-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0\/","title":{"rendered":"\uc544\uc2dc\uc544 \uc7a5\uc5d0\uc11c NZD\/USD\ub294 \uc911\uad6d PMI \uc9c0\ud45c \ud63c\uc870\uc640 \uc911\ub3d9 \uae34\uc7a5 \uace0\uc870\ub85c \uc555\ubc15\uc744 \ubc1b\uc73c\uba70 0.5875\ub85c \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4."},"content":{"rendered":"NZD\/USD\ub294 \uc218\uc694\uc77c \uc544\uc2dc\uc544 \uac70\ub798\uc5d0\uc11c \uc57d 0.5875\uae4c\uc9c0 \uc18c\ud3ed \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. \uc911\uad6d \uc9c0\ud45c\uac00 \uc5c7\uac08\ub9ac\uac8c \ub098\uc624\uba74\uc11c \ub274\uc9c8\ub79c\ub4dc \ub2ec\ub7ec(NZD)\uac00 \ubbf8\uad6d \ub2ec\ub7ec(USD) \ub300\ube44 \uc57d\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc218\uc694\uc77c \ub2a6\uac8c \ubc1c\ud45c\ub420 \ubbf8\uad6d 2\uc6d4 ISM \uc11c\ube44\uc2a4 PMI\ub3c4 \uc9c0\ucf1c\ubcf4\uace0 \uc788\uc2b5\ub2c8\ub2e4. (PMI\ub294 \u2018\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u2019\ub85c, \uae30\uc5c5 \uad6c\ub9e4 \ub2f4\ub2f9\uc790 \uc124\ubb38\uc744 \ubc14\ud0d5\uc73c\ub85c \uacbd\uae30\uc758 \ud655\uc7a5\u00b7\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\uc785\ub2c8\ub2e4. 50\uc744 \uae30\uc900\uc73c\ub85c 50 \uc774\uc0c1\uc774\uba74 \uacbd\uae30 \ud655\uc7a5, 50 \ubbf8\ub9cc\uc774\uba74 \uacbd\uae30 \uc704\ucd95\uc744 \ub73b\ud569\ub2c8\ub2e4.)\n\n\uc911\uad6d\uc758 \uacf5\uc2dd \uc81c\uc870\uc5c5 PMI\ub294 2\uc6d4\uc5d0 49.0\uc73c\ub85c 1\uc6d4\uc758 49.3\uc5d0\uc11c \ud558\ub77d\ud588\uace0, \uc608\uc0c1\uce58 49.1\ub3c4 \ubc11\ub3cc\uc558\uc2b5\ub2c8\ub2e4. NBS \ube44\uc81c\uc870\uc5c5 PMI\ub294 49.4\uc5d0\uc11c 49.5\ub85c \uc62c\ub790\uc9c0\ub9cc, \uc608\uc0c1\uce58 49.8\uc5d0\ub294 \ubabb \ubbf8\ucce4\uc2b5\ub2c8\ub2e4. (NBS\ub294 \uc911\uad6d \uad6d\uac00\ud1b5\uacc4\uad6d\uc73c\ub85c, \uc911\uad6d\uc758 \uacf5\uc2dd \ud1b5\uacc4\ub97c \ubc1c\ud45c\ud558\ub294 \uae30\uad00\uc785\ub2c8\ub2e4. \u2018\ube44\uc81c\uc870\uc5c5 PMI\u2019\ub294 \uc11c\ube44\uc2a4\uc5c5\u00b7\uac74\uc124\uc5c5 \ub4f1 \uc81c\uc870\uc5c5\uc774 \uc544\ub2cc \uc5c5\uc885\uc758 \uacbd\uae30 \ud750\ub984\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4.)\n\n

\uc911\uad6d PMI\uac00 \ubcf4\uc5ec\uc8fc\ub294 \uc5c7\uac08\ub9b0 \ud750\ub984<\/h3>\n\uc911\uad6d\uc758 RatingDog \uc81c\uc870\uc5c5 PMI\ub294 2\uc6d4 62.1\ub85c 1\uc6d4 50.3\uc5d0\uc11c \uc0c1\uc2b9\ud588\uc73c\uba70, \uc608\uc0c1\uce58 50.1\uc744 \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4. RatingDog \uc11c\ube44\uc2a4\uc5c5 PMI\ub3c4 52.3\uc5d0\uc11c 56.7\ub85c \uc62c\ub77c \uc608\uc0c1\uce58\ub97c \uc0c1\ud68c\ud588\uc2b5\ub2c8\ub2e4. (\uc5ec\uae30\uc11c RatingDog PMI\ub294 \uc911\uad6d \ubbfc\uac04(\ube44\uacf5\uc2dd) \uc870\uc0ac\uae30\uad00\uc774 \ub9cc\ub4e0 PMI\ub85c, \uc815\ubd80\uac00 \ubc1c\ud45c\ud558\ub294 \u2018\uacf5\uc2dd PMI\u2019\uc640 \uc870\uc0ac \ub300\uc0c1\u00b7\ubc29\uc2dd\uc774 \ub2ec\ub77c \uc218\uce58\uac00 \ub2e4\ub974\uac8c \ub098\uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4.)\n\n\uc911\ub3d9 \uae34\uc7a5\uc774 \ub192\uc544\uc9c0\uba74\uc11c \uc704\ud5d8\ud68c\ud53c \uc2ec\ub9ac(\ubd88\ud655\uc2e4\ud560 \ub54c \uc548\uc804\uc790\uc0b0 \uc120\ud638\uac00 \uac15\ud574\uc9c0\ub294 \uc2ec\ub9ac)\uac00 \ucee4\uc84c\uace0, \uc774\ub294 \ubbf8\uad6d \ub2ec\ub7ec\ub97c \uc9c0\uc9c0(\uc218\uc694\ub97c \ub298\ub824 \uac15\uc138 \uc694\uc778)\ud558\ub294 \ub3d9\uc2dc\uc5d0 NZD\/USD\uc5d0 \ud558\ub77d \uc555\ub825\uc744 \uc92c\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uacfc \uc774\uc2a4\ub77c\uc5d8\uc740 \uc8fc\ub9d0\uc5d0 \uc774\ub780\uc758 \uc9c0\ub3c4\ubd80\uc640 \ud575 \uc778\ud504\ub77c\ub97c \uaca8\ub0e5\ud588\uc73c\uba70, \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uc6d4\uc694\uc77c \ubbf8\uad6d\uc758 \ubaa9\ud45c\uac00 \ub2ec\uc131\ub420 \ub54c\uae4c\uc9c0 \uad70\uc0ac \uc791\uc804\uc774 \uacc4\uc18d\ub420 \uac83\uc774\ub77c\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4. (\uc704\ud5d8\ud68c\ud53c\uac00 \ucee4\uc9c0\uba74 \uc0c1\ub300\uc801\uc73c\ub85c \uc548\uc804\ud558\ub2e4\uace0 \uc5ec\uaca8\uc9c0\ub294 \ubbf8\uad6d \ub2ec\ub7ec\ub85c \uc790\uae08\uc774 \uc774\ub3d9\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.)\n\nNZD\ub294 \ub274\uc9c8\ub79c\ub4dc\uc758 \uacbd\uae30 \uc0c1\ud669\uacfc \ub274\uc9c8\ub79c\ub4dc \uc911\uc559\uc740\ud589(Reserve Bank of New Zealand, RBNZ)\uc758 \ud1b5\ud654\uc815\ucc45\uc5d0 \uc601\ud5a5\uc744 \ubc1b\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. RBNZ\ub294 \ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158)\uc744 1%~3% \ubc94\uc704, \uc911\uac04\uac12 2%\uc5d0 \ub9de\ucd94\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud569\ub2c8\ub2e4. (\ud1b5\ud654\uc815\ucc45\uc740 \uae08\ub9ac \uc870\uc815 \ub4f1\uc73c\ub85c \ubb3c\uac00\uc640 \uacbd\uae30\ub97c \uad00\ub9ac\ud558\ub294 \uc815\ucc45\uc785\ub2c8\ub2e4.) \ub610\ud55c \uc8fc\uc694 \uc218\ucd9c \uc2dc\uc7a5\uc778 \uc911\uad6d\uc758 \uc131\uc7a5\ub960 \ubcc0\ud654, \uc720\uc81c\ud488(\ub099\ub18d) \uac00\uaca9, \uadf8\ub9ac\uace0 \uc138\uacc4 \uc2dc\uc7a5\uc758 \uc704\ud5d8\uc120\ud638\/\uc704\ud5d8\ud68c\ud53c \ubd84\uc704\uae30 \ubcc0\ud654\ub3c4 NZD\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n

2026\ub144 \uc804\ub9dd\uacfc \ud575\uc2ec \uc694\uc778<\/h3>\n\ub2f9\uc2dc \uc6b0\ub824\uc600\ub358 \uc911\uad6d \uacbd\uae30 \ub454\ud654\ub294 2026\ub144\uc5d0\ub3c4 \uc774\uc5b4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ucd5c\uc2e0 \uacf5\uc2dd NBS \uc81c\uc870\uc5c5 PMI(2026\ub144 2\uc6d4)\ub294 49.1\ub85c, 5\uac1c\uc6d4 \uc5f0\uc18d \uc704\ucd95\uc744 \ub098\ud0c0\ub0c8\uace0 \ub274\uc9c8\ub79c\ub4dc\uc758 \uac00\uc7a5 \uc911\uc694\ud55c \uad50\uc5ed \uc0c1\ub300\uad6d\uc5d0\uc11c\uc758 \uc218\uc694\uac00 \ubd80\uc9c4\ud568\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. \uc774\ub7f0 \uacbd\uae30 \ubd80\ub2f4\uc740 \ub274\uc9c8\ub79c\ub4dc \ub2ec\ub7ec\uc758 \uc0c1\uc2b9 \uc5ec\ub825\uc744 \uc81c\ud55c\ud569\ub2c8\ub2e4.\n\n\ub610 \ub2e4\ub978 \uc555\ub825 \uc694\uc778\uc740 \uc911\uc559\uc740\ud589 \uc815\ucc45\uc758 \ucc28\uc774(\uae08\ub9ac \ubc29\ud5a5\uc774 \uc11c\ub85c \ub2e4\ub978 \uc0c1\ud669)\uac00 \uc9c0\ub09c\ud574\ubcf4\ub2e4 \ub354 \ub69c\ub837\ud574\uc84c\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. \ub274\uc9c8\ub79c\ub4dc\ub294 2025\ub144 4\ubd84\uae30 \uc778\ud50c\ub808\uc774\uc158\uc774 3.8%\ub85c \ub454\ud654\ub418\uba74\uc11c RBNZ\uac00 \uc62c\ud574 \ud6c4\ubc18 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud558\ub294 \ubc18\uba74, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Federal Reserve, Fed)\ub294 \uae08\ub9ac\ub97c \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud558\ub824\ub294 \ud0dc\ub3c4\ub97c \uace0\uc218\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. (\uc5f0\uc900\uc740 \ubbf8\uad6d\uc758 \uc911\uc559\uc740\ud589\uc774\uba70, \u2018\uae08\ub9ac \ucc28\uc774(\uae08\ub9ac \uaca9\ucc28)\u2019\uac00 \ucee4\uc9c0\uba74 \ubcf4\ud1b5 \uae08\ub9ac\uac00 \ub354 \ub192\uc740 \ub098\ub77c \ud1b5\ud654\uac00 \uac15\ud574\uc9c0\uae30 \uc27d\uc2b5\ub2c8\ub2e4.) \uc774 \uae08\ub9ac \ucc28\uc774\ub294 \ubbf8\uad6d \ub2ec\ub7ec\uc5d0 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud574 NZD\/USD\uac00 \ud558\ub77d\ud558\uae30 \uc26c\uc6b4 \ud658\uacbd\uc744 \ub9cc\ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\ub274\uc9c8\ub79c\ub4dc \uc218\ucd9c\uc5d0\uc11c \uc911\uc694\ud55c \ube44\uc911\uc744 \ucc28\uc9c0\ud558\ub294 \uc720\uc81c\ud488(\ub099\ub18d) \ubd80\ubb38\ub3c4 \ud798\uc744 \uc2e4\uc5b4\uc8fc\uc9c0 \ubabb\ud588\uc2b5\ub2c8\ub2e4. 2026\ub144 2\uc6d4 \ub9d0 \uae00\ub85c\ubc8c \uc720\uc81c\ud488 \uacbd\ub9e4(Global Dairy Trade)\uc5d0\uc11c \uac00\uaca9\uc774 2.3% \ud558\ub77d\ud558\uba70, \uba87 \ub2ec\uac04 \uc774\uc5b4\uc9c4 \uc57d\uc138 \ud750\ub984\uc744 \ub2e4\uc2dc \ud655\uc778\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. (Global Dairy Trade\ub294 \uc720\uc81c\ud488\uc744 \uad6d\uc81c\uc801\uc73c\ub85c \uac70\ub798\ud558\ub294 \ub300\ud45c\uc801\uc778 \uacbd\ub9e4 \ud50c\ub7ab\ud3fc\uc73c\ub85c, \ub099\ub18d \uac00\uaca9\uc758 \u2018\uae30\uc900\u2019\ucc98\ub7fc \ucc38\uace0\ub418\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.) \ud575\uc2ec \uc218\ucd9c\ud488 \uac00\uaca9 \ud558\ub77d\uc740 \uad6d\uac00 \uc18c\ub4dd\uc5d0 \ubd88\ub9ac\ud574 \ud1b5\ud654\uc5d0\ub3c4 \uc57d\uc138 \uc694\uc778\uc774 \ub429\ub2c8\ub2e4.\n\n\uc774\ub7f0 \uae30\ucd08 \uc5ec\uac74(\uac70\uc2dc\uacbd\uc81c\u00b7\uae08\ub9ac\u00b7\uc218\ucd9c \uac00\uaca9 \uac19\uc740 \uae30\ubcf8 \uc694\uc778)\uc758 \uc555\ub825\uc744 \uace0\ub824\ud558\uba74, \ud2b8\ub808\uc774\ub354\ub294 NZD\/USD \ucd94\uac00 \ud558\ub77d\uc5d0 \ub300\ube44\ud55c \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud604\uc7ac \uac00\uaca9\ubcf4\ub2e4 \ub0ae\uc740 \ud589\uc0ac\uac00\uaca9\uc758 \ud48b\uc635\uc158\uc744 \ub9e4\uc218\ud558\uba74 \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \ud558\ub77d\uc5d0\uc11c \uc774\uc775\uc744 \ub178\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. (\ud48b\uc635\uc158\uc740 \uc815\ud574\uc9c4 \uac00\uaca9(\ud589\uc0ac\uac00\uaca9)\uc73c\ub85c \u2018\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\u2019\uc785\ub2c8\ub2e4. \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4\uc740 \uc635\uc158\uc744 \uc0ac\uae30 \uc704\ud574 \ub0b4\ub294 \ube44\uc6a9\uc774\uba70, \uc190\uc2e4\uc740 \ubcf4\ud1b5 \uc774 \ube44\uc6a9\uc73c\ub85c \uc81c\ud55c\ub429\ub2c8\ub2e4.)\n\n\ub610\ub294 \ud070 \uc0c1\uc2b9 \uc5c6\uc774 \ud6a1\ubcf4\ud558\uac70\ub098 \uc644\ub9cc\ud55c \ud558\ub77d\uc744 \uc608\uc0c1\ud558\ub294 \uacbd\uc6b0, \uc678\uac00\uaca9(out-of-the-money) \ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud574 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \uc218\uc775\uc73c\ub85c \uc5bb\ub294 \ubc29\ubc95\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. (\ucf5c\uc635\uc158\uc740 \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \u2018\uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac\u2019\uc774\uace0, \u2018\uc678\uac00\uaca9\u2019\uc740 \uc9c0\uae08 \uac00\uaca9\ubcf4\ub2e4 \ubd88\ub9ac\ud55c \ud589\uc0ac\uac00\uaca9\uc774\ub77c \ub2f9\uc7a5 \ud589\uc0ac \uac00\uce58\uac00 \uc5c6\ub294 \uc0c1\ud0dc\ub97c \ub9d0\ud569\ub2c8\ub2e4.) \ub2e4\ub9cc \uc2dc\uc7a5\uc774 \uc608\uc0c1\uacfc \ub2ec\ub9ac \ud06c\uac8c \uc624\ub974\uba74 \uc190\uc2e4\uc774 \ucee4\uc9c8 \uc218 \uc788\uc5b4 \uc8fc\uc758\uac00 \ud544\uc694\ud569\ub2c8\ub2e4.\n\nVT Markets \uc2e4\uacc4\uc88c \ub9cc\ub4e4\uae30<\/a>\u00a0\uadf8\ub9ac\uace0\u00a0\uc9c0\uae08 \uac70\ub798 \uc2dc\uc791\ud558\uae30<\/a>\u00a0<\/b>\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

NZD\/USD 0.5875\ub85c \ud558\ub77d\u2014\uc65c \ud0a4\uc704\ub2ec\ub7ec\uac00 \ud798\uc744 \ubabb \uc4f8\uae4c? \uc911\uad6d PMI \ud63c\uc870\u00b7\uc911\ub3d9 \uae34\uc7a5\u00b7\ub2ec\ub7ec \uac15\uc138\uc5d0 \uc555\ubc15, 2026\ub144\uc5d0\ub3c4 \uc911\uad6d \ub454\ud654\u00b7RBNZ \uc778\ud558 \uc2dc\uc0ac\u00b7\uc720\uc81c\ud488 \uc57d\uc138\ub85c \ud558\ubc29 \uc6b0\uc138. – vtmarkets.com<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-48338","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/48338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=48338"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/48338\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=48338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=48338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=48338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}