EFTA01449331.pdf

30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax [Figure 13: ANZ Commodity Price Index (Nominal) and IFigure 14: Long-run Belationslilp-NZD/USD NZWUSD 0.85 0.2 01 000 -lCD Long Run Relationship 075 0.0 -0.1 Lorignun Seriatim: 070 -0.2 Commodity Price: 077 065 GDP: 1 08 -0.3 1160 150 0.55 • -0.6 a50 -0.6 100 045 • -0.7 -0.8 a40 ti 035 o -10 -0.9 OD 68 90 92 Si 96 se 03 02 04 06 06 10 12 as 90 92 94 96 98 00 02 04 CO 08 10 12 Snot Onmit• &int Maer Sane Dixem.Bs* Mrs 1Figure 15: BoC Commodity Price Index (Nominal) and IFigure 16: Long-run Relationship-CAD/USD CAD/USD 1.10 1000 0.10 020 ••• ••04.0 Loop RunRoboonsho —CAL 1 0 - 900 100 SOO OC COMM04,iv inleA 700 4 10 0.10 090 800 I A1 080 - 500 -030 000 400 1 070 Longoun•1441:144: Th 300 Co/mm*1W Puce 013 GOP 132 0.60 . . . 200 .050 -0.10 96 88 90 92 94 96 98 00 02 04 06 08 10 12 88 90 92 94 96 98 03 02 04 06 08 10 12 Savor aim:, &Nit Haw Sen Onsts.So* Hoe Figuie 17: BoC Non-Energy Commodity Price Index Figure 18: BoC Energy Commodity Price Index (Nominal) (Nominal) and CAD/USD and CAD/USD 105 1.05 100 1.00 8*C Energy Commodity Pm* Index 095 0.96 090 090 085 0.85 080 080 Of a75 075 fi 0.70 0.70 065 065 0.60 060 86 88 90 92 94 96 98 00 02 04 06 06 10 12 86 88 90 92 94 96 98 CO 02 04 06 08 10 12 Sam' 0•415/0*Br4 MAW Saar!Moo*Bet* Mow Page 36 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0104692 CONFIDENTIAL SDNY_GM_00250876 EFTA01449331