📄 Extracted Text (112 words)
provides a better picture when currencies are trading within relatively tight ranges, rather than
trending strongly and breaking new ground (as is the case currently for many EM currencies) due
to domestic factors/factors not captured by the model.
Financial fair value (USD crosses):
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As the charts below show, the extent of undervaluation (Le. the magnitude of the model residual)
is at ly extremes for TRY and ZAR, but not for RUB.
USDTRY:
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118209
CONFIDENTIAL SDNY GM_00284393
EFTA01458335
ℹ️ Document Details
SHA-256
d7d9015a51ba81e2c93a8cea72cdb7172a515aa4bf00eb32bc06782011372465
Bates Number
EFTA01458335
Dataset
DataSet-10
Document Type
document
Pages
1
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