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Bureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for cert
Commodity Prices Lower 95 97 99 01 03 05 07 09 11 13 0.85 0.95 1.05 1.15 1.25 1.35 1.45 1.55 1.65 45( 40( 35( 30( 25( 20( — USD/CAD (Ihs, inverted) — BoC Non-energy Commodity Price Index irhs 15( Soutar Akan» &Mc &bombers Fran. UP Page 8 Deutsche Bank AG/London EFTA00610283
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
algebra. EM graphs available upon request. Page 14 Deutsche Bank AG/London EFTA01464509 28 February 2013 Exchange Rate Perspectives Figure 6: USD/CAD is cheap vs. BEER FV Figure 7: AUD/USD is quite expensive vs. BEER FV Source: DB FX Research Source: DB FX Research Figure 8: NZD/USD is very exp
ureau (Kinsho) No. 117. Member of associations: JSDA, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Investment Advisers Association. This report is not meant to solicit the purchase of specific financial instruments or related services. We may charge commissions and fees for ce
CLP PLN SEK GBP KRW JPY INR ZAR ARS EFTA01464349 30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax Figure 6: USD/CAD is cheap vs. BEER FV Figure 7: AUD/USD is quite expensive vs. BEER FV 0.8 1.0 1.2 1.4 1.6 1.8 CAD BEER Fair Value Spot 80 82 84 86 88 90 9
Entities connected to both Japan Investment Advisers Association and USD/CAD

New Zealand
LOCATION
Malaysia
LOCATION
Frankfurt
LOCATION
Deutsche Bank
ORGANIZATION
Columbia University
LOCATION
Philippines
LOCATION
Bloomberg L.P.
ORGANIZATIONthe Kanto Local Finance Bureau
ORGANIZATION
Chile
LOCATIONNippon
ORGANIZATION
Moody's
ORGANIZATIONAssociation of Japan
ORGANIZATIONStandard & Poor's
ORGANIZATION
Norway
LOCATION
Hungary
LOCATION
Venezuela
LOCATION
Alan Dershowitz
PERSONSteve Pollard
PERSON
Richard Smith
PERSONDavid Folkerts-Landau
PERSON