Swiss Economicblogs.org
With today’s gains, the price of Brent has nearly doubled from its lows in January. Of course, the price of oil is still less than half of levels that prevailed two years ago. At the same time, many leveraged investors cast a jaundiced eye toward currency pegs. Many have concluded that the Middle East currency pegs cannot be sustained. Through a combination of the moral suasion and the power of sovereign, Saudi...
Read More »Great Graphic: Despite Higher Oil Prices, Middle East Pegs Remain Under Pressure
