The UAE’s currency peg is here to stay, the central bank governor said, after contracts used to bet on a devaluation rose to the highest since March. Policy makers do not see pressure on the AED and the UAE is committed to its longstanding peg to the dollar, Mubarak Rashed Al Mansoori told reporters in Abu Dhabi on Sunday. Twelve-month forward contracts on the currency climbed to the highest since March on Friday, signaling increased speculation that the exchange rate may be moved. The pressure in the forwards “is very little,” Al Mansoori said. “Our economy is very solid. We’re continuing with the peg.” (Bloomberg)