Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / United Arab Emirates

US$ Comeback: Key MENA Implications Revisited

October 2008 | Market Strategy
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On August 4, we examined the key implications of a US dollar bounce (which has been our core view since early July) on Middle Eastern currencies. With the greenback having rallied by 13.0% since then, and with our global team seeing ongoing euro weakness, we now revisit these views.