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Published Date: 21 March 2019
Global growth concerns have deepened over the last month, such that more central banks have turned dovish including the Federal Reserve. This not only has implications for the U.S. economy but also for the GCC which will no longer face the possible headwind of further rate hikes this year. To the extent that this also contributes to softening the dollar it will also be helpful.
Source: Bloomberg, Emirates NBD Research
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