Saudi move puts dollar in danger

September 20th, 2007 by GoldSilver | Posted in Economic News |

From the U.K.

Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

Fears of dollar collapse as Saudis take fright

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