Epstein File EFTA01451189: Vulnerable and Grinding (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01451189: Vulnerable and Grinding (DS10)

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This document contains currency and financial market analysis from Deutsche Bank discussing Central European currencies including Czech koruna (CZK), Turkish lira (TRY), and South African rand (ZAR). It analyzes currency appreciation pressures, Polish competitiveness, banking system health, and domestic credit growth trends.

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vulnerable grinding Deutsche Bank Rand

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Excerpt 1

appreciation pressures) on the one hand, and on the other CZK (sustained CNB Polish competitiveness helping market share intervention) plus TRY & ZAR (**vulnerable**

Excerpt 2

Poland will benefit not only from 0 strong German demand but also a healthy banking -10 system, with domestic credit now **grinding** higher.