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MarketsInsider: How a Saudi pullback from a landmark US deal would be bad news for dollar dominance

June 21, 2024
falling dollar bills that are on fire
  • Saudi Arabia is moving away from the US dollar in the oil trade as it looks at alternative markets.
  • The end of a long-standing "petrodollar" agreement would dent dollar dominance, the Atlantic Council wrote.
  • The move would be a sign that Saudi Arabia is instead seeking to diversify its trade.

Read the full article on MarketsInsider

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