EFTA01449255 DataSet-10

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28 February 2013    Exchange Rate Perspectives                    Deutsche Bank a

     Table of Contents

     Currency Forecasts                                                                   3

     The Big Picture:

                 The Dollar Is Back                                                        5

     Monitors:

                 G10 FX Valuation Monitor: Lines in the sand                             12

                 Capital Flows and Basic Balances                                        18

                 Commodity Prices and Currencies                                         28

                 U.S. Trade Balance                                                      33

                 Central Bank Reserves Currency Composition Monitor                      41

     Page 2                                                           Deutsche Bank AG/London

CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e)                            DB-SDNY-0104590
CONFIDENTIAL                                                              SDNY_GM_00250774
                                                                                EFTA01449255

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EFTA01449255

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DataSet-10

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document

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EFTA01449255.pdf

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