Latest in Tag: US dollar Highlight
Latest in Tag: US dollar
US dollar continues appreciation against Egyptian currency, exceeding EGP 29
The International Monetary Fund (IMF) stressed on Tuesday that the Central Bank of Egypt should commit to a flexible exchange rate that adapts to the dynamics of the balance of payments, avoid the re-accumulation of imbalances, and support competitiveness.
US dollar expected to exchange at EGP 26-27 by end-2023: Hany Genena
In an interview with Daily News Egypt, economist and American University in Cairo Adjunct Professor Hany Genena said that he expects that the US dollar could exchange at EGP 26-27 by the end of the year 2023.
US dollar price rises to about EGP 19.7
The dollar price at the Central Bank of Egypt broke the barrier of EGP 19.7 on Tuesday. It reached EGP 19.60 for purchase and EGP 19.7084 for sale, compared to EGP 19.5746 for purchase and EGP 19.6862 for sale on Monday.
US dollar weakens against major currencies as investors await Fed rate hike
The Federal Reserve is expected to raise interest rates at the conclusion of its policy meeting on Wednesday. In a step that many analysts say could trigger recession.
US dollar continues trading at EGP 18.44 for purchase, EGP 18.52 for sale on Sunday
Official price of American currency at CBE records EGP 18.43 for purchase, EGP 18.54 for sale
EGX main winner of US dollar appreciation
Research from Prime Securities said that banks are on top of the list of stocks to benefit from higher interest rates and treasury yields given the robust loan portfolio growth driven by USD-denominated loans.
US dollar exchange increases EGP 1.75 against backdrop of interest rise
Greenback records EGP 17.4 for purchase and EGP 17.5 for sale at National Bank of Egypt on Monday, compared to EGP 15.64 for purchase and EGP 15.74 for sale on Sunday
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in 2021
US dollar inches down as Trump signs coronavirus relief package
US dollar bought 103.83 Japanese yen, higher than 103.57 Japanese yen of the previous session. It was down to 0.8896 Swiss franc from 0.8903 Swiss franc
US dollar continues depreciation trend recording EGP 15.84
Egyptian pound keeps its position among best emerging market currencies against US dollar: Cabinet
US dollar slips after Fed holds interest rates steady
Euro was up to 1.1764 US dollar from 1.1721 dollars in the previous session, and the British pound increased to 1.2961 dollars from 1.2943 US dollars
Egyptian pound continues upmove against US dollar on increased FX inflows
Egypt buoyed up by recent IMF’s, international market’s cash injections estimated at $10bn
US dollar depreciates by 19 piasters against Egyptian pound last week
Egypt’s import bill has generally decreased, on back of commensurate decrease in demand for foreign exchange, says economic expert
Egyptian currency appreciates against US dollar as FX inflows rise
At the end of last week, the National Bank of Egypt (NBE) reported that the Egyptian pound was trading at EGP 16.21 to buy and EGP 16.11 to sell. It currently stands after its appreciation against the US dollar, at EGP 16.17 to buy and EGP 16.07 to sell.
Falling automotive demand could not limit US dollar revaluation’s impact on prices
Now is the time to buy new cars despite uncertainties surrounding the future, says GB Auto’s Drive
US dollar appreciation against Egyptian pound deepens mobile market losses
Mobile prices also affected by higher shipping costs on back of global pandemic
New IMF loan slows down US dollar appreciation against Egyptian pound
Egypt’s foreign reserves fall to $36.0037bn in May, from $37.037bn in April, says CBE
Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit
Like all currencies worldwide, local currency bound to be affected by current exceptional circumstances
US dollar continues appreciation against EGP: CBE
The appreciation in the US dollar also pushed the prices of Arab and foreign currencies up against the pound, as the price of the Euro reached EGP 18.1449 to buy and EGP 18.2605 to sell. The price of the Pound Sterling reached EGP 20.2588 to buy and EGP 20.3794 to sell.
US dollar trades at EGP 16.02 to buy, EGP 16.12 to sell on Wednesday
The rise in the dollar also pushed the prices of Arab and foreign currencies up against the pound.The price of the Euro amounted to EGP 17.9376 to buy and EGP 18.0560 to sell, while the price of Pound Sterling reached EGP 20.1576 to buy and EGP 20.2769 to sell.
US dollar appreciates slightly to EGP 15.92 at CBE
The Swiss franc reached EGP 16.5466 for buying and EGP 16.6522 for selling. The Japanese yen recorded EGP 14.7044 for buying and EGP 14.8035 for selling.
US dollar dips in volatile trading
Euro rose to 1.0951 US dollars from 1.0870 US dollar in the previous session, and the British pound rose to 1.2599 dollars from 1.2450 US dollars in the previous session
Expectations of EGP depreciation against US dollar groundless: Expert
Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary policy , Mohamed Abdel Aal
US dollar appreciates 10 pt against Egyptian pound
The official price of the dollar at the Central Bank of Egypt (CBE) on Monday reached EGP 15.5856 for buying, and EGP 15.7149 for selling, compared to EGP 15.4784 pounds for buying, and EGP 15.6071 for selling on 23 February.
Deutsche Bank expects US dollar to reach EGP 15.5 by June, EGP 15 by December
Bank expects inflation to continue declining to single digits this year
US dollar falls to its lowest against EGP since February 2017
American currency lost more than 25 piasters since the beginning of January 2020
Egyptian pound gains about 14 piasters against US dollar since Wednesday
The Egyptian pound appreciated by about 14 piasters against the US dollar since last Wednesday, gaining on Monday about 6 piasters in comparison to Sunday’s exchange rate, which was EGP15.92 to sell and EGP16.05 to buy.
US dollar continues to trade below EGP 16
Why the US dollar broke the EGP16 barrier and where to next?
US dollar exchange falls to EGP 16, the lowest since February 2017
The price of the American currency also declined in Al Ahli Bank of Kuwait, Arab Investment Bank, Emirates NBD, HSBC, Housing & Development Bank, recording EGP 15.99 for buying and EGP 16.09 for selling.
EGP to average EGP 17.11 against US dollar in FY 2020/21: CI Capital
CBE to keep rates on hold in November, December