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Most major Gulf stock markets were subdued on Thursday as sentiment across markets remained frail ahead of upcoming inflation data from the United States. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed policy decisions because most regional currencies are pegged to the U.S. dollar, exposing them to direct impacts from any Fed monetary tightening.

Gulf Markets Subdued Ahead Of U.S. Inflation Data; SNB Lifts Saudi

Most major Gulf stock markets were subdued on Thursday as sentiment across markets remained frail ahead of upcoming inflation data from the United States. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed policy decisions because most regional currencies are pegged to the U.S. dollar, exposing them to direct impacts from any Fed monetary tightening.

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