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Excerpt from:  GFT Analysts in the News
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July 22, 2008

United Arab Emirates Dirham to See Success in Currency Trading

Forex trading with Middle Eastern currencies
The United Arab Emirates dirham is set to end its US dollar peg next year for currency trading purposes, and is likely to see a great deal of appreciation at that time.

The UAE has seen significant economic growth and inflation, and has reaped the benefits of rising oil prices. Indeed, the UAE is one of the richest countries in the world.

Also gaining in forex trading with Middle Eastern currencies is the Kuwaiti dinar. The dinar and the dirham are two of the Middle Eastern currencies offered for FX trading with the US dollar by GFT.
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Topic Tags:  currencies FX trading, currency trading, forex trading currencies, FX trading, Kuwaiti dinar, Middle Eastern currencies, UAE dirham, United Arab Emirates, US dollar peg
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