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Qatar currency forwards hit three-year high

Posted on 06 September 2013

Qatar’s one-year currency forwards jumped to a three-year high yesterday and yields rose at a weakly-supported debt auction as foreign investors responded to concerns about Syria by cutting exposure to the Gulf Arab region.
One-year riyal forwards rose as high as 160 points bid yesterday from Wednesday’s close of 115, traders said. That suggested a 0.4 percent weakening of the riyal from its peg of 3.64 to the dollar over a one-year period………………………………………..Full Article: Source


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