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ra. The yen has fallen markedly; competitor nations such as Korea have seen their currencies weaken, while suppliers to Japan such as Thailand and Malaysia have seen their currencies strengthen. Through all of this the dollar has marched higher even with the market wavering over an early move to taper
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
- 8.47 8.49 8.54 Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Hungary Indonesia IDR/USD 9,686 9,950 9,900 9,850 (Fwd. Rates) Malaysia MYR/USD 3.10 3.07 3.05 3.02 (Fwd. Rates) 3.12 3.13 3.16 Philippines PHP/USD 40.7 40.4 39.9 39.3 (Fwd. Rates) 40.7 40.7 40.8 Singapore SGD/USD 1
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
n this report are not registered credit rating agencies in Japan unless "Japan" or "Nippon" is specifically designated in the name of the entity. Malaysia: Deutsche Bank AG and/or its affiliate(s) may maintain positions in the securities referred to herein and may from time to time offer those securit
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
Entities connected to both Malaysia and Branch Register Number

New Zealand
LOCATION
Bloomberg L.P.
ORGANIZATION
United Kingdom
LOCATION
Hungary
LOCATION
Norway
LOCATION
Deutsche Bank
ORGANIZATION
Frankfurt
LOCATION
Moody's
ORGANIZATIONDoug Band
PERSON
North America
LOCATION
Financial Services
ORGANIZATION
Tokyo
LOCATIONJapan Investment Advisers Association
ORGANIZATIONNippon
ORGANIZATION
South Africa
LOCATIONStandard & Poor's
ORGANIZATION
Sydney
LOCATIONthe Kanto Local Finance Bureau
ORGANIZATIONDavid Folkerts-Landau
PERSONSteve Pollard
PERSON