12.02.2016 - Currency turmoil casts doubt on forex pegs
Market turmoil often radiates from currencies and showdowns between central banks and aggressive investors. A burning question early in 2016 is how long countries such as China, Saudi Arabia and others can continue to rely on currency reserves to spare their currencies from a pronounced drop in value. As the global economy shows further signs of weakening and the collapse in commodity prices has punctured the budgets of many countries, investors are betting on much weaker currencies and the end of the Saudi peg to the dollar...............................................Full Article: Source
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