FTAlphaville: Busting currency pegs, Saudi Arabia edition
Unlike China, Saudi FX reserves are twice the size of the money supply. Devaluation is unlikely unless this is The Big One, but this does show the pressure in the global financial system and the demand for U.S. dollars.
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
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In a game of tit for tat, Israel strikes back at Iran for Iran's missile
launch against Israel. Iran's attack on Israel was in response for Israel
illegall...
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