Deutsche Bank Markets Research Global Foreign Exchange FX Spot Exchange Rate Perspectives FX and the Financial Transaction Tax 30 July 2013 (diver I tarvetv Macro strategist 1+44120 754-51947 oliver.harvey@db.com Deutsche Bank Securities Inc. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA1P) 054/04/2013. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 104657 CONFIDENTIAL SDNY_GM_00250841 EFTA01449308