EFTA01449380.pdf

28 February 2013 Exchange Rate Perspectives Deutsche Bank 0 U.S. Bilateral Trade Balances by Country & Region Fig 24: U.S. Trade Balance with China Fig 25 . U.S. Trade Balance with Japan 0 50 .10 -100 -lb •150 MorchhyD/SS I)^. -20 lbars1 -200 Annual105S bn -25 line) 250 -30 -300 1994 1996 19913 2000 2002 2004 2006 20 2010 2012 Source: OatsSenn, SowCo IlareSt nom Fig 26: U.S. Trade Balance with the Pacific Rim Fig 27: U.S. Trade Balance with OPEC China and .Japan'' LOSS b8.1(bats) A880411055 WI licsi 0 -IS -40 -25 .35 90 -45 -120 .55 -100 -85 -200 1994 1996 1998 2000 2032 2004 2036 20013 2010 2012 1996 1996 2000 2002 2004 2006 2038 2010 2012 Source: DataStream Source: DataStreem Fig 28: U.S. Trade Balance with Western Europe Fig 29: U.S. Trade Balance with Canada iMoilthlf 1US$ On Meg Annual fuss on 0 0 0 -10 -2 -20 -2 -20 .4 -40 -30 -0 -CO -40 -e -8 -80 -60 -10 -100 -e Monthly SISSbn.1 -60 lhatral -12 -120 -10 Annually% bn -80 -14 -140 One/ -12 -90 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1994 1996 1998 2000 2002 2004 2006 2009 2010 2012 Source: DeteStream Source: DereStreem Page 33 Deutsche Bank AG/London CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0104769 CONFIDENTIAL SDNY_GM_00250953 EFTA01449380