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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01446666: Rand, Israel and Vulnerable (DS10)

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This document is dated January 9, 2014 and contains financial analysis from Deutsche Bank regarding foreign direct investment flows into Israel, currency vulnerabilities in Turkey's lira, and South African rand performance. It appears to be an economic or market analysis report.

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Excerpt 1
9 January 2014 FX Blueprint: Thin end of the wedge / History provides us with good templates of economies Strong and persistent FDI inflows into **Israel**
Excerpt 2
Currency Units, billion -1 110 -2 Turkey's lira remains **vulnerable** to a tightening of 100 -3 Index global liquidity due to its sizeable C/A deficits and
Excerpt 3
stronger demand from abroad and with global growth continuing to improve this should be reflected in Source Deutsche Bank, Bloomberg Finance LP gradual **rand**

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