Excerpt from: Financial Spread Betting Strategies
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| December 04, 2007 | | Gulf Cooperation Council talks about U.S. dollar pegs | In the current climate of worry over the U.S. economy, it is only natural to consider financial spread betting strategy as it is affected by global economic issues. Right now, one issue that may affect the global economy in various financial markets is the unified currency proposed by the Gulf Cooperation Council.
As Reuters reports, these countries are debating what to do about dollar pegs, and this could affect financial spread betting strategy in a variety of areas:
The countries are divided over whether to detach their
currency pegs from the tumbling dollar, Oman's foreign affairs
minister said. The United Arab Emirates said it could consider
revaluing after talks with other Gulf council members. | | |
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