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Will Saudi Arabia Unpeg its Currency from the Dollar?

Discussion in 'Fundamental Analysis' started by Daily.Forex, Jan 15, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    The Saudi Arabian riyal is currently pegged to the U.S. dollar, but the nosedive in oil prices has increased speculation in the market that the world's largest oil exporter may allow the 3.75-to-1 peg to drop off in hopes of slowing down revenue.

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