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sd-10-EFTA01458356Dept. of Justice

EFTA Document EFTA01458356

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3.25 - 3.5 3.00 - 3.0 2.5 2.75 - 3- 2.0 2.50 - 2.25 - 2.00 - l.75- t50- 1,25 - 2010 2011 40 2012 2013 2014 2015 - 1.5 - 1.0 0.5 r 0.0 I- -0.5 -1.0 -1.5 - USDTRY Spot, lhs - 'Stretch' (Standardized residual of spot vs 200dma), rhs The stretchometer for USDZAR is at 5-yr highs, but has retraced somewhat in the last 2 days (in line with the risk-on appreciation move observed across the EMEA high-yielders). 14 - 3.0 13 - 12 - 11 - 10 - 9 - 8 - 6 - 2010 2011 2012

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Dept. of Justice
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sd-10-EFTA01458356
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