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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01479443: Asset and Professional (DS10)

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This document contains financial analysis and email correspondence dated March 2014 from Deutsche Asset & Wealth Management, with Tazia Smith identified as Director of Key Client Partners - US. The content includes Bloomberg Finance data analyzing currency positioning (CNH vs USD), Chinese monetary policy, and shadow banking concerns, addressed to professional investors as defined by MiFID regulations.

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Excerpt 1
This could result from unwinding of heavy positioning long CNH vs USD resulting from credit tapering, investor awareness of worsening bank **asset** quality
Excerpt 2
in USDCNH is high USDCNH Used with permission of Bloomberg Finance LP PBoC has significantly tightened money market rates to curb shadow banking and **asset**
Excerpt 3
Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche **Asset** & Wealth Management EFTA01479446

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