💨IMPACT LEVEL 1 — MEH
Epstein File EFTA01381400: Driver and Offshore (DS10)
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This document is an economic analysis discussing Asian foreign exchange weakness, equity outflows, and offshore investor behavior in currency markets. The excerpt references offshore-onshore yield spreads and currency pairs but contains no information related to Jeffrey Epstein or the case file.
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Excerpt 1
Recall that equity outflows were a much bigger
**driver** of Asian FX weakness over the summer than bond outflows
(this was a 'growth tantrum' more than a
Excerpt 2
This suggests **offshore**
investors have rapidly unwound long USD asset hedges or
speculative positions.
Excerpt 3
For five pairs (MYR, PHP, IDR, KRW, TWD)
the **offshore**-onshore yield spread is at or near the lowest level over
the past year (Chart 2).
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