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Merrill sees U.S. giving nod for Gulf FX change
Sun May 25, 2008 9:27am EDT
DUBAI (Reuters) - Merrill Lynch & Co said the United States has effectively given Gulf Arab oil producers the go ahead for making changes to their dollar-pegged foreign exchange policies, by recognizing inflation as a problem....
Citing a U.S. Treasury report to Congress that for the first time mentioned currency and inflation issues in the six-member Gulf Cooperation Council, Merrill said the United States government had become more confident about the outlook for the dollar and therefore did not necessarily need Gulf support for its currency Full Text
Originally posted by burdman30ott6
*sigh* remember when there were spoils of war?