Hedge Funds

Hedge Funds Bet On Saudi Currency Drop As Region Feels Oil Price Pinch

Betting against the Saudi currency: The world’s reserve currency of choice, used heavily if not almost exclusively in for Middle Eastern oil trading, is in short supply, says a leading regional bank, as a change in the regional currency peg could benefit hedge funds.

National Bank of Abu Dhabi says "there is a dollar shortage"
Alex Thursby, CEO of the National Bank . . .


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