# Profoundd archive — Epstein Files
# Bates number: EFTA01458617
# Title:        26 September 2015
# Dataset:      10
# Pages:        1
# Tags:         epstein, doj, dataset-10
# Source PDF:   https://profoundd.com/epstein-docs/EFTA01458617/download
# Doc viewer:   https://profoundd.com/epstein-docs/EFTA01458617
#
# Text below is what Profoundd has extracted from the source PDF.
# 'ocr-enriched' tag means OCR was applied to scan-only pages.
# Image descriptions are AI-generated factual captions (llava:13b).
#----------------------------------------------------------------------

=== SUMMARY ===
26 September 2015 FX Forecasts and Valuations: Don't throw in the towel z G10 FX Valuation Monitor Figure 4: The dollar is expensive and the euro modestly cheap Figure 5: The dollar is above fair value now 30 I% Over/undervalued) 130 20 178 142 11 120 84 83 10 110 0 100 •10 .4 3 -7.1 93 -20 -30 -25.0 -25.7 70 -40 CHF NW GBP 1)50 AUD EUR CAD NOK SEK JPY 60 Sant Oteeserare.OSeen 1 —USDTWI PPP USDTWI 130 120 ite.• \eft- • .....,__,_ - - —20% Rena 110 ..• leiiv 4Aa --...,.., Nt 90 90 100 ••• 70 • 60


=== EXTRACTED TEXT ===
26 September 2015 
FX Forecasts and Valuations: Don't throw in the towel 
z 
G10 FX Valuation Monitor 
Figure 4: The dollar is expensive and the euro modestly 
cheap Figure 5: The dollar is above fair value now 
30 I% Over/undervalued) 130 
20 178 142 11 120 84 83 10 110 
0 100 
•10 .4 3 -7.1 93 
-20 
-30 -25.0 -25.7 70 
-40 
CHF NW GBP 1)50 AUD EUR CAD NOK SEK JPY 60 
Sant Oteeserare.OSeen 1 —USDTWI 
PPP USDTWI 130 
120 
ite.• \eft- • .....,__,_ - - —20% Rena 110 
..• 
leiiv 
4Aa 
--...,.., Nt 
90 90 100 
••• 
70 
• 60 
73 76 79 82 85 88 91 94 97 00 03 06 09 12 15 
Sower DO FX Mown*, Osserent. Aboeiborp Meow 
rFigure 6: EUR/USD: The euro has reverted to its fair value !Figure 7: USD/JPY: The yen is about 27% cheap to its fair 
!value 
1.6 
1.4 - 
1.2 
1.0 - 
0.8 
0.6  —EURILISD - - - 20% Band 
PPP EURAJSD 1.6 
1.4 
- 1.2 
/ 
- 1.0 
......•••••-•-•-[ 
0.8 
0.6 
73 77 81 85 89 93 97 01 05 09 13 
Jan De ix area Omornsin 
Page 12 350 , 
303 i; 
250 r 
200 
150 ,r 
103 
81 85 89 93 — — — 20% Bend 
USDIJPY 
PPP USOMPY 
7'3 77 
Aue DB Paraseete Daterreant 350 
380 
250 
200 
150 
-11, 100 
97 01 06 09 13 50 
Deutsche Bank Securities Inc. 
CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0118610 
CONFIDENTIAL SDNY_GM_00264794 
EFTA01458617