As Paulson tours ME, traders see no end soon for regional USD peg
June 8th, 2008 Posted in MarketsContrary to what finance sources have suggested to the Wall Street Journal late last month, investors are expecting the ME to organize a currency union by 2010, quashing speculation about a quick end to the USD peg. US Treasury Secretary Henry Paulson is in the region encouraging investment in the US, hoping to help attract some of the $4T held by ME funds following strong profits on petroleum revenues.
