Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
A Rare Occurrence In The Saudi Currency Market Tells You That Trouble Is Brewing In The Middle East
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Thor's Hamster:MV8yMDA3NzIwXzMzNzM1MTE3XzM4REUyNjE4] A few years ago, there was talk of creating a common currency for the Arabian peninsula -- Saudi Arabia, Qatar, Oman, Bahrain, United Arab Emirates. I don't think Yemen was included. [/quote]
An important shift is developing in Saudi Arabian currency derivatives markets as Iran becomes engulfed in populist protests amid hyperinflationary pressures and armed conflict breaks out between Turkey and Syria, heightening concerns about tensions in the Middle East.
The 12-month forward rate on the Saudi Arabian riyal – or the difference between how many riyals traders think a dollar will be able to buy a year from now versus how many riyals a dollar can buy today – has been hovering just above zero for the past two weeks.
In other words, as pointed out by BNP's Bartosz Pawlowski, traders are expecting the riyal to depreciate against the dollar.
And that is something that almost never happens – unless markets are getting really worried about Saudi Arabia, one of the most stable countries in the region.
link to www.businessinsider.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
These entrepreneurs are using technology to turn a profit on food waste
World heading for catastrophe over natural disasters
Half Of American Pastors Believe The Antichrist Will Soon Be Revealed
Scientists fear asteroids, killer robots and deadly diseases could wipe out humanity
London naked restaurant has waiting list of 30,000
Killer Superbugs Could Kill 10 million people a year by 2050
EU May Be ‘Test Run” For A Global Government
Obama presses ‘smart guns’ with fingerprint technology
MK-ULTRA, the CIA, and LSD: GOVERNMENT MIND CONTROL AGENT TALKS
The Impact of Patent Trolls
WILL 2016 BE THE YEAR OF THE MULTINATIONAL BANK BAIL IN ?
The Future Of America? More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism
Swedish Govt Spends Millions Telling Citizens To Eat Insect “Meat” To End Climate Change
There’s A Plan For Human Population Control – Is It Vaccines?
Boehner rips Cruz: 'Lucifer in the flesh,' 'miserable son of a bitch'
Check Out Models Of The Cosmic Web That Connects Galaxies
The end of humans working in service industry?
Alabama House Committee Approves Bill to Abolish Marriage Licenses in State
Hubble Telescope Captures Sharpest Image Yet of Mysterious Red Rectangle
Scientists claim first successful gene therapy against human ageing.
It's Now Almost Impossible To Save For Retirement
New Report Shows Police Preparing For Rioting On A National Scale
Judges Call For Law Banning ‘Fattism’
The driverless truck is coming, and it’s going to automate millions of jobs
Here’s what might start WW3
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.004s (5 queries)