EFTA01461085.pdf

The information contained in this document is based on material we believe to be reliable; however, we do not represent that it is accurate, current, complete, or error free. This document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction. This material does not represent a formal or official view of Deutsche Bank as the views expressed herein are solely those of the author(s), which may differ from those of Deutsche Bank Research Fx Spot Trading Deutsche Bank London ■ New York Sydney Ernai Possitn,la Peefinvit This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 122910 CONFIDENTIAL SDNY_GM_00269094 EFTA01461085