U.A.E. to Revalue Its Currency Before September, Deutsche Bank Says

(Bloomberg) -- The United Arab Emirates, the second-
largest Arab economy, will probably let its currency appreciate by
as much as 3 percent before September, Deutsche Bank AG said.

``We expect a small appreciation of 2 percent to 3 percent
prior to the next GCC central bank meeting in September,''
Caroline Grady, an economist at Deutsche Bank, said in a note
received via e-mail today.


Read more at Bloomberg Currencies News