| Plummeting oil prices have led to renewed speculation against the Saudi riyal, heaping pressure on Riyadh as it burns through its foreign reserves and taps domestic debt markets to make up for a widening budget deficit.
Saudi Arabia, along with other emerging markets, has been the target of traders’ bets that the oil-rich economy will eventually be forced into a devaluation as oil prices fall to new lows on a weaker demand outlook triggered by Chinese economic stress...............................................Full Article: Source
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