Speculators test Saudi currency as oil crisis deepens

“A de-peg of the Saudi riyal is our number one ‘black-swan’ event for oil in 2016,” said Bank of America

Bank of America warned that a break-down of the Saudi dollar-peg would send the riyal tumbling, with major knock-on effects. “Oil could collapse to $25,” it said in a client note.

[link to www.telegraph.co.uk]

Last Edited by 2/3s of 2/3s on 11/22/2015 11:51 PM