dubai saudi riyal fell u.s. dollar forward foreign exchange market thursday u.s. congress vote allow relatives victims sept. 11 attack sue saudi arabia legal action could take years wind u.s. court system analysts say might little impact saudi economy state finance decision congress unwelcome reminder political financial pressure riyadh low oil price strain budget saudi arabia prepare make first international issue sovereign bond next month raise 10 billion gulf bankers say issue might delay give investors time digest news similarly legal threat could make riyadh less likely choose new york list share national oil giant saudi aramco offer aramco share expect soon 2017 possibly raise tens billions dollars saudi officials say consider several foreign bourses senate house representatives vote overwhelmingly wednesday override president barack obama veto legislation grant exception legal principle sovereign immunity case terrorism u.s. soil clear way attempt seek damage saudi government riyadh deny longstanding suspicions back hijackers attack unite state 2001. fifteen 19 hijackers saudi nationals one-year dollar/riyal forward trade schedule take place 12 months 550 point early thursday wednesday close 330 point rise far eight-week high 625 point saudi riyal peg 3.75 dollar spot market bank often use forward market hedge risk short term might volatility legislation take decade result market calm predict banker involve gulf currency trade add main impact might saddle saudi government tens millions dollars annual legal fee five-year saudi credit default swap use insure risk sovereign debt default rise slightly 157 point 152 saudi stock market fell slightly price state-run saudi electricity co april 2023 dollar islamic bond one outstanding international bond saudi arabia move significantly analysts speculate trade investment tie saudi arabia unite state could hurt kingdom own 96.5 billion u.s. treasury bond accord late official u.s. data believe hold least sum u.s. assets bank account saudi foreign ministry perspective review investment policy could move kingdom different path could include diversification away u.s. treasuries gulf banker say may saudi foreign minister adel al-jubeir say propose u.s. law would cause erosion investor confidence unite state though add riyadh threaten pull money country riyadh sell several billion dollars u.s. bond month cover budget deficit bankers think unlikely step result congress vote market currencies provide combination liquidity security 13 trillion u.s. treasury market saudi arabia also eagerly court investment top u.s. company general electric co help diversify economy beyond oil trade investment war unite state could damage economic reform drive u.s. market saudis continue invest think adopt knee-jerk reaction investments say john sfakianakis economist jeddah-based gulf research centre make sense continue keep assets unite state saudi riyal fall bond may delay u.s. congress vote