Turkey's Cluster Munitions Question and a Peg Board That Ends the Week Flat
A geopolitical file reopens in Ankara, Moscow demands answers, and the Gulf's two anchors close Saturday exactly where they opened Monday.
Karim Al-Rashidi · 27d ago
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Currencies
10 articles on this topic
Gulf Alternatives to Hormuz Get a Serious Look While the Pegs Sit Where They Always Sit
The riyal closed at 3.7500, the dirham at 3.6725, and the interesting move today was in pipelines and politics, not in prices.
Karim Al-Rashidi · 30d ago
Fire at Jubail, Explosion Reports, and a Peg Still Quoted at 3.7500
An explosion at Saudi energy facilities meets two currencies that price the Gulf as if nothing is on fire.
Karim Al-Rashidi · 34d ago
Congressional Scrutiny of UAE Tech Access Arrives, and the Dirham Prints 3.6725
A senator's letter about sensitive US technology reaches Abu Dhabi. The peg, as ever, files the news under 'noted'.
Karim Al-Rashidi · 35d ago
A Trilateral Defence Pact Signed in Mecca, and Two Pegs That Priced Nothing
Riyadh, Ankara and Islamabad ink a joint defence framework. USD/SAR closes 3.7500. USD/AED closes 3.6725. The FX market has an opinion, and its opinion is silence.
Karim Al-Rashidi · 35d ago
Hormuz Reroute Meets a Peg That Refuses to Notice
Iran and Oman redraw the shipping lanes, Abu Dhabi keeps loading barrels, and the dirham closes another session at 3.6725.
Karim Al-Rashidi · 36d ago
Doha's Diplomatic Bid Meets Two Pegs That Refuse to Blink
US-Iran talks reported as progressing; USD/SAR holds 3.7500 and USD/AED 3.6725 into the close. The mediator moves, the fixings do not.
Karim Al-Rashidi · 38d ago
Riyadh Whispers Restraint on Iran While the Peg Prices No War at All
SAR holds 3.7500, AED 3.6725. The diplomatic channel is doing the hedging the forwards are not.
Karim Al-Rashidi · 39d ago
Brent at $94.65 holds the geopolitical bid as gold gives back $67
Crude grinds higher on Gulf risk premium while bullion corrects 1.5%. The peg does the quiet work of importing none of it.
Karim Al-Rashidi · 107d ago
Brent at $95.40 with a regional war priced in — and gold doing the worrying for us
Crude eases 1.05% overnight, gold slips from above $4,500, and the pegs hold their nerve while the Gulf reads its own headlines.
Karim Al-Rashidi · 108d ago