MarketsNow was founded to provide a high quality, yet easy-to-use, source for financial market analysis. While there is no shortage of media companies that cover financial news in general, few can explain how developments in financial markets are relevant for the things that people care about. ...
more MarketsNow was founded to provide a high quality, yet easy-to-use, source for financial market analysis. While there is no shortage of media companies that cover financial news in general, few can explain how developments in financial markets are relevant for the things that people care about. MarketsNow aims to answer such questions in a way that better conveys the story behind what is driving the markets, and what’s next. High-quality financial content is both limited and hard to find, and MarketsNow aims to change the status quo. By empowering you with the best information, we aim to help you make better decisions.
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Saudi Power Struggle Strengthens Crude, And The USD
You guys have given me a great idea for a future article. Thanks! The stories are a bit too long to share as a comment, so expect something from me next week (I need to get permissions first).
Saudi Power Struggle Strengthens Crude, And The USD
While SAMA (Saudi central bank) claims that foreign currency transfers continue 'as usual', implementing capital controls is a real possibility. Usually, central banks will only consider publicly announcing capital controls as a final step given the effect they have on confidence. In practice, they are likely to make outbound transfers much more difficult by enacting additional paperwork or purposelessly slowing down the process (similar to China). Having moved from Hong Kong to Switzerland earlier this year, I've heard quite a few interesting stories about getting money out of China!