📄 Extracted Text (270 words)
30 July 2013
Exchange Rate Perspectives: FX and the Financial Transaction Tax
Figure 12: EUR/USD is cheap vs. FEER FV 'Figure 13: USD/JPY is very cheap vs. FEER FV
1.8 MILL_ Rel a ti ve FEER Fair Value 350.0
—Spot PY- Relative FEER Fair Value —Spot
1.6 300.0
1.4 250.0 •
1.2 200.0
1.0 150.0
Os 100.0
0.6 50.0
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 80 82 84 86 88 90 92 94 96 98 0002 04 06 08 10 12
Sows' 08?XRasa. Sand, O81XResevell
[-Figure 14: GBP/USD is expensive vs. FEER FV IFigure 15: USD BIS PM is a bit cheap vs. FEER FV
3.0 140.0
GBp Relative FEER Fair value —Spot Relative FEER Fair Value Spot
130.0
2.5
120.0
2.0 110.0
100.0
1.5
90.0
80.0
1.0
80 82 84 868890 92 94 96 98 0002 04 06 08 10 12
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12
sown, as rxsearch Sinew ASPXRama
[Figure 16: USD/GAD is quite cheap vs. FEER FV Figure 17: AUD/USD is cheap vs. FEER FV
1.4
" 1 CA.P .RelativeFEER Fair Value M a —Relative FEER Fair Value Spot
1.2
1.0
0.8
0.6
0.4
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12
80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12
Soured, OHMRineattn Soutar 08IX Rosaittn
Deutsche Bank Securities Inc. Page 23
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0104536
CONFIDENTIAL SONY GM_00250720
EFTA01449222
ℹ️ Document Details
SHA-256
4162fae0ab6e94dd598fad9148389cb5fd0c689866f9b899ecc307613e0c117a
Bates Number
EFTA01449222
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0