AED, Saudi Real and Kuwaiti Dinars
These OPEC members have been under intensified pressure (mainly due to inflation, and depreciation of the USD) to appreciate their currencies. All three of them are pegged, the durham and real to the dollar, and the dinar to a basket of currencies (the main one also being the dollar).
I am thinking of taking long positions on all three currencies versus the dollar. Anyone done the same? Anyone think its a bad idea? Discuss
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