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sd-10-EFTA01458325Dept. of Justice

EFTA Document EFTA01458325

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USD/EM FX Stretch-o-meter 5.0 - 4.5 - u 4.0 - 2.0 1.5 -as 1.0 0.5 0.0 - -0.5 - 2std day band Istd day band - '4O)( 9:DAA,41,Vos Voc,%,10-eip Vept -td, c'efr"Pck, Looking specifically at USDTRY, price action is now stretched to the extent we saw earlier this year and more importantly at the start of 2014 (when the CBT undertook an emergency rate hike). 3.25 - 3.00 .; 2.75 - 2.50 7 2.25 - 2.00 - 1.75 - 1.50 - 1.25 - 20101 2011 2012 I 2013 2014 3.5 3.0 2.5 2.0

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Dept. of Justice
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sd-10-EFTA01458325
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