Epstein Secrets

Dubai: Research is issued by UBS AG Dubai Branch within the DEC. FS intended for professional clients only and is not for onward distribution within the United Arab Emirates Rana: this publication is distributed by US$ (France) S.A., French *societe anonyme" with share capital of E 125.726.944, 69, boulevard Haussmann 1-

e maintaining our recommen- dation to underweight the Japanese yen. The Japanese economy continues to weaken against its peers, raising pressure on the Bank of Japan to engage in further quan- titative easing. We have also closed our preference for the Canadian dollar, which is less attractively valued after sol

e appreciation of the yen, once again pushing the Bank of Japan’s (BOJ’s) 2% inflation target further into the futu

u of Labor Statistics BOE: Bank of England BOJ: Bank of Japan CAGR: compound annual growth rate CDS: credit de

ted Arab Emirates: The information contained in this document does not constitute, and is not intended to constitute, a public offer of securities in the United Arab Emirates in accordance with the Commercial Companies Law (Federal Law No. 8 of 1984, as amended) or otherwise under the laws of the United Arab Emirates. This

Foreign Exchange We remain underweight the Japanese yen. The Japanese economy continues to weaken against its peers, leading to rising pressure for the Bank of Japan to engage in further quantitative easing. We have closed our preference for the Canadian dollar following its recent strength, and therefore close ou

Dubai: Research is issued by UBS AG Dubai Branch within the DIFC, is intended for professional clients only and is no for onward distribution within the United Arab Emirates. France: This publication is distributed by UBS (France) S.A., French "société anonyme" with share capital of € 125.726.944, 69, boulevard Haussmann