Epstein Secrets

1.22 7.48 7.30 7.20 7.10 - 7.51 7.54 7.61 8.45 8.20 8.10 8.00 - 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.

tfolio inflows have turned marginally positive... Figure 8: _as equity market inflows outpace the money market outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Figure 9: Equity inflows have tracked the STOXX Figure 10: Foreign interest on the bond side boome

co Switzerland Luxembourg India Russian Federation Israel United Arab Emirates Switzerland Switzerland Switzerland Russian Federation USA Hungary USA Switzerland Singapore USA Switzerland United Kingdom Peru DuPont de Nemours and USA Company White & Case LLP USA Alcatel-Lucent SA

dro Bailleres John Baird Leslie J. Baja Sanjiv Bajaj Rahul Bajaj Anant Bajaj Gerard Baker Douglas M. Baker Jr Member of the Executive Board, European Central Bank. Frankfurt am Main Minister of Finance of Saudi Arabia Chief Executive. Global Banking and Markets Special Duties Officer. Ministry of Federal

Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Emerging Europe Currency Czech Rep. EUR/CZK (Fwd. Rates) USD/CZK (Fwd. Rates) Hungary EUR/HUF Latin America Currency Argentina USD/ARS (Fwd. Rates) Brazil USD/BRL (Fwd. Rates) Chile USD/CLP (Fwd. Rates) Colombia USD/COP (Fwd.

Treasury Figure 41: Net portfolio flows have turned inwards... Figure 42: ...as equity inflows surpass the bond outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Deutsche Bank Securities Inc. Page 31 EFTA01464362 30 July 2013 Exchange Rate Perspectives: FX