Latest in Tag: US dollar Highlight
Latest in Tag: US dollar
US dollar records lowest level against EGP since March 2017
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
Egyptian pound gains 5 piasters against the US dollar despite CBE’s interest rate cut
The average official price of the US dollar at the Central Bank of Egypt (CBE) fell to EGP 16.2186 for buying and EGP 16.3186 for selling on Sunday, down from EGP 16.2669 for buying and EGP16.3669 for selling last Thursday.
Future of US dollar between Trump and the Fed
The view of the Secretary of Treasury is based on the fact that the service sector represents 19.4% of the structure of the US economy, while exports represent 12% of the gross domestic product (GDP), but they directly affect the unemployment rate.
Decline of US dollar price barely affects used cars trading
High profit margin is the main reason behind recession in used car market
Egyptian pound continues value upward trend against US dollar
US currency lost over EGP 1 since beginning of 2019, including 34 piasters in May
US dollar loses over EGP 1 of its value since start of year
Expectations for US dollar to reach EGP 16.5
US dollar continues decline below EGP 17 for first time in two years: CBE
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
US dollar hits EGP 16.99 mark for first time since March 2017
The average dollar price on Wednesday recorded EGP 17.01 to buy and EGP 17.14 to sell.
US dollar at lowest level since March 2017
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
US dollar loses 5 piasters against Egyptian pound on Wednesday
The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …
US dollar records lowest level against Egyptian pound since March 2017
Pound value against dollar gains over 23 piasters in March, 62 piasters since January
US dollar loses 5 piasters against Egyptian pound on Monday
Banks receive over $4bn FX inflows in January, February, says senior bank official
US dollar hits its lowest in two years
US currency lost 8.11 piasters last week, losing 49 piasters since January 2019
Goldman Sachs forecasts stronger pound, Morgan Stanley foresees volatility
Although there is no immediate pressure on currency to weaken, yet uncertainty over exchange rate will likely lead to fewer foreign inflows
Price of US dollar against pound nearly stable on Tuesday after two-day decline
US currency recovers less than half piaster of 30 piasters it lost on Sunday, Monday
US dollar continues to fall against pound, losing 7 piasters
Market watching exchange trade trend, amid expectations of further appreciation of pound
Dollar value falls by over EGP 0.22, biggest decline in 9 months
American currency supply increases in interbank market amid resumption of foreign investment in government debt instruments
US dollar on its way out as world’s lead currency?
Tumbling emerging market currencies, including the Russian ruble, have caused Moscow to publicly wish for the “demise” of the greenback from global finance. Lars Halter examines how realistic such a wish actually is?If the stability of a currency is entirely linked to the confidence in the issuer of the currency, then it does not look …
Turkish Lira plummets with limited effects on Egyptian economy: analysts
Turkey modestly shares in Egyptian total exports with about 5%, says EFG-Hermes macroeconomic analysis
FX stabilises again after reaching 10-month high
Fluctuation is healthy under supply, demand, says Abdel Aal
Egyptian pound fist to fist with US dollar yet again
Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year
US dollar embarks on new wave of decline against pound, loses 20 piastres in 2 days
Banks give their clients up to $2,000 cash with no documents but precedent transactions
EGP stays steady against US dollar despite church bombings
Bankers claim the attacks will not impact the exchange rate greatly
Egypt’s public debt is reaching critical level
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous
Travel ban, strong dollar seen putting damper on US tourism sector
Travel and tourism’s contribution to the US economy will grow at a slower pace this year than in 2016, the World Travel and Tourism Council (WTTC) has said.US President Donald Trump earlier this month signed a revised executive order banning citizens from six Muslim-majority nations from travelling to the United States, which some have warned …
US dollar squeezed by cautious Fed
The US currency has suffered painful losses in Asian trading while sovereign bonds gained strongly after the US Federal Reserve raised interest rates, but signaled no pick-up in the pace of tightening.Asian investors breathed a sigh of relief on Thursday as fears for faster US interest rate hikes diminished and political upheaval in Europe failed …
USD leaps against EGP, records EGP 18.10 at banks
Demand on USD for Ramadan importations accelerate pound depreciation
Administrative Court requires AUC to not receive tuition fees in dollars
In the past two years, the university’s students paid half their fees in Egyptian pounds and the other half in US dollars
Dollar breaks EGP 17, driven by shortage at banks
The US dollar exchange rate to the pound exceeded EGP 17.5 on Tuesday, marking its highest level over the past two weeks. The depreciation comes as demand builds up to cover importation, leaving banks with a shortage. The greenback began a wave of strengthening again since last week, continuing its movement upwards to reach EGP …
EGP loses ground to USD, falls to EGP 16.3 at NBE, Banque Misr
The Egyptian pound losing ground to the US dollar will last for three months, according to Arqaam Capital