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From: Jeffrey Epstein <jeevacation®gmail.com>
To: "Barrett, Paul S"
Subject: Re: KRW short
Date: Thu, 14 Mar 2013 16:19:16 +0000
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On Thu, Mar 14, 2013 at 11.52 AM, Barrett, Paul S < wrote:
Hi Jeffrey
Idea would be to short KRW vs USD.
KRW is down 4% vs USD (JPY down 15% over that same time period) — we do not think the central bank will sit back and
allow the Japanese exporters to gain an edge over the Korean exporters. Therefore we expect the BoK to maintain an
easy monetary policy and promote further KRW weakness.
I would keep it simple and go long $5MM vs KRW via a forward contract.
Let me know
Paul
Paul Barrett I Managing Director I Global Investment Opportunities Group 13•P. Morgan Private Bank I
320 Park Avenue, 14th Floor, New York, NY 10022 I T: F: NMIS
ID# 853441
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