U.A.E. Devaluation Wagers Drop After Saudis Pledge to Keep PegBy
Dirham forward contracts decline from highest in six years
U.A.E. coordinates monetary policy with Gulf ally Saudi Arabia
Contracts used to bet on a devaluation of the United Arab Emirates dirham fell from a six-year high after Saudi Arabia, with which it coordinates monetary policy, said it would maintain its currency’s peg to the dollar.
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