e beginning of a multi-year uptrend is unfolding. Bilal Hafeez, London, 1995-2011 2002-2011 G10 Asia EMEA Latam EUR JPY GBP CHF SEK NOK AUD NZD CAD PLN CZK HUF RUB TRY ZAR ILS MXN BRL CLP COP PEN KRW TWD SGD HKD CNY INR IDR PHP THB MYR Deutsche Bank AG/London EFTA01464501 Page 11 EFTA01464502 28 Febr