in a 25 bps increase by the U.S. Federal Reserve when it meets next week, down from previous expectations for a 50 bps increase.
Most Gulf currencies are pegged to the U.S. dollar, while Saudi Arabia, the United Arab Emirates and Qatar usually mirror U.S. monetary policy changes.ended its five sessions losing streak, jumping 1.8%, the highest intraday rise since Dec 13. The index was lifted by gains in all sectors, led by banking and materials with the world's largest Islamic bank by assets, Al Rajhi Bank
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