Saudi Arabia has been upgraded by index provider MSCI to sit in its Emerging Market index for the first time, following its semi-annual review, while Argentina also re-enters the index after being downgraded in 2009.
The move, which came as part of MSCI's Semi-Annual index review, was based on changes by the country including a signficant improvement in the registration process for qualified foreign financial institutions...
The US dollar is close to peaking and the risks now seem to be on the downside.
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