Back to Baghdad: assessing the consequences

MARKET VOICE

Failure to enlist the support of Arab and non-Arab US allies for an attack on Iraq will leave the dollar shuddering, says Ashraf Laidi, chief currency analyst at MG Financial Group in New York

What is regarded as a US policy to pre-empt an attack by president Saddam Hussein is increasingly looking like a policy that will prompt that very attack. A strike on Iraq this time aims at ousting its president from existence rather than driving Iraqi troops from a neighboring country.

The consequences of

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