Saudi Riyal Forwards Decline as Gulf Devaluation Concern Recedes - Bloomberg Business:
"Contracts used to bet whether Saudi Arabia and the United Arab Emirates will allow their dollar-pegged currencies to weaken fell to the lowest levels since December.
One-year forward contracts on the Saudi riyal were poised for the biggest drop in a month at 3:48 p.m. in Riyadh, according to data compiled by Bloomberg, heading for the lowest finish since Dec. 28. Similar contracts for the U.A.E. dirham retreated to a three-month low on a closing basis."
'via Blog this'
No comments:
Post a Comment