Only Currency to Dodge Gulf Market’s Ire Shows Payoff After Rift

Only Currency to Dodge Gulf Market’s Ire Shows Payoff After Rift

Derivatives traders are wagering on a resilient Qatari riyal even as other currencies in the region have felt the strain from the one-two punch of lower oil prices and the coronavirus pandemic.. The highest income level among all sovereigns rated by S&P, alongside Qatar's government and external balance sheets will serve as a strong buffer in the event of economic and financial shocks, and could mitigate the impact of weak growth.. Qatar raised $10 billion from a Eurobond that attracted around $45 billion of orders this year.. There's a recognition that if Saudi Arabia starts another fight with Qatar, Qatar will not lose.".