Saudi Arabia: Peg and oil policy to hold in reform drive – HSBC

Research Team at HSBC, notes that more than 50 royal decrees were issued in Saudi Arabia on May 7th encompassing a major reorganisation of Kingdom’s government.
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EUR/USD attempts to consolidate above 1.1400

EUR/USD is staging a mild recovery on Wednesday, having reversed completely previous day’s losses, amid a weaker greenback across the board.
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