The United Arab Emirates’ central bank said on Thursday it was confident there will be a compromise to avert a U.S. debt default by an Aug. 2 deadline, adding that it holds no U.S. Treasury bonds or U.S. financial instruments.
Public comment on the U.S. crisis has been scarce from Gulf central banks and sovereign wealth funds, some of whom are major holders of U.S. Treasuries and other dollar assets.
Any sign of concern that would lead to institutions in the region dumping those assets to protect themselves would be likely to alarm financial markets more broadly.
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