depegging

The United Arab Emirates' decision to study a possible depegging of its currency from the tumbling U.S. dollar might pressure other countries in the Middle East to follow suit. The central bank of the U.A.E. has set up a committee to study a possible depegging of the dirham from the greenback, according to a report by Zawya Dow Jones on Monday. This committee will help coordinate any delinking of the dirham and is expected to report its finding at the end of the year, the report said.