Case File
efta-01449276DOJ Data Set 10OtherEFTA01449276
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DOJ Data Set 10
Reference
efta-01449276
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1
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Integrity
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28 February 2013
Exchange Rate Perspectives
Deutsche Bank
New Zealand (NZD bn
Figure 1: The basic balance
09
0.8
0.7
06
05
0.4
03
ShirYd oat FR Reno, .n Pe-
Figure 3: Net Portfolio inflows have switched to
negative territory
20
16
10
5
0
-5
-10
.15
-20
Ma -96
--Not Bubb flows
Podia, 0utlbw
-Pottlob Inflaw
Mar-99
Mar-02
Mar.05
Mar-08
Mar-11
20
15
10
-5
-10
-15
40
Figure 2: FDI flows
-6
-10
Ma .01
Mar-CO
Mar-05
Mar.07
Mar-09 Mar-11
S'enVe
rt Pew,"
16
10
0
-10
Figure 4: Foreign appetite for government bonds
40
30
20
10
0
Ala 91 Au, 94 Aug-97 stua 00 At0-O3 Ai4-06 Auj-09
o
001.0111TOM Do ads Hold by Foreigner,
RIM Treasury Bib MU by Fototgritos
—Shan hall by Fatten; ol Total
Sac eor
X Peter N 61FrAly,
40
20
Deutsche Bank AG/London
Page 27
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0104615
CONFIDENTIAL
SDNY_GM_00250799
EFTA01449276
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