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Old 11-22-2007, 03:17 PM
hotmark777 hotmark777 is offline
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Join Date: Aug 2006
Posts: 496
Default 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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