Markets
Doha's Diplomatic Bid Meets Two Pegs That Refuse to Blink
US-Iran talks reported as progressing; USD/SAR holds 3.7500 and USD/AED 3.6725 into the close. The mediator moves, the fixings do not.
Speed:
Karim Al-Rashidi
· 3 min read
Close of business in the Gulf, and the two prices that matter for anyone with a mortgage in Riyadh or a payroll in Abu Dhabi did what they were built to do: nothing. USD/SAR settled at 3.7500. USD/AED settled at 3.6725. Both are the same numbers you would have read on this screen yesterday, and last Tuesday, and — barring the sort of event none of us wants to write about — next Tuesday.
That stillness is the story, because everything around it moved.
Doha spent the session briefing that progre…