Talk of revaluation
Middle East foreign exchange forward points have widened substantially over recent weeks, after several Middle Eastern monetary authorities decided not to fully follow the Fed's 50 basis points ease of September 18.
The market believes that such Middle East independence is unprecedented and is a precursor to FX regime change in the region. While this monetary policy is neither unprecedented, nor likely to lead to a Saudi riyal FX regime change over the next 12 months, prospects for further Fed
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