UPDATE 1-Abu Dhabi body urges Gulf states to rethink dlr pegs

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UPDATE 1-Abu Dhabi body urges Gulf states to rethink dlr pegs

Post by yunowu on Sun Jul 06, 2008 12:32 pm

DUBAI, July 6 (Reuters) - Gulf Arab oil producers preparing for monetary union should reconsider a policy of keeping their currencies pegged to the weak dollar and look instead at a basket of currencies, an Abu Dhabi government body said....

http://www.reuters.com/article/marketsNews/idINL0645999420080706?rpc=611
http://www.ft.com/cms/s/0/43b48840-4b1f-11dd-a490-000077b07658.html


Last edited by yunowu on Mon Jul 07, 2008 10:28 pm; edited 1 time in total

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The dollar peg conundrum: To drop or not to drop?

Post by yunowu on Mon Jul 07, 2008 9:53 pm

LONDON: Investors betting that emerging economies will forgo their fixed dollar pegs are likely to have their fingers burned even as policy makers in developed markets blame the pegs for contributing to high inflation...

http://www.iht.com/articles/2008/07/02/business/invest03.php

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