Lots of talk that Aramco IPO may reel from US Fed rate hikes

Media are all over the prospect that Aramco's IPO, and Saudi Arabia in general, will be hit hard by the potential plan for the US fed to raise interest rates 3 times this year, or maybe more (who knows). I'm not an economist, but the first thing that every hedge fund wants to know is will this be the nail in the coffin for the Saudi dollar peg?

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I'm not sure what the specific implications for Aramco would be, but a de-peg? That would shake markets. 

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I think that as long as US dollar doesn't strengthen too much as a result of rate hikes, then the Saudi reform plan won't be in question. 

 

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