US Dollar Strength Tests Egyptian Pound as Markets Navigate Managed Adjustment Cycle

Egypt’s foreign-exchange market passed through another tense trading week between 11 and 17 May, with the US dollar again climbing above the EGP 53 threshold as investors reassessed geopolitical risk, global interest-rate expectations, and exposure to emerging-market assets. By Sunday’s close of business, the dollar traded at EGP 53.22 for buying and EGP 53.36 for […] The post US Dollar Strength Tests Egyptian Pound as Markets Navigate Managed Adjustment Cycle appeared first on The Middle East Observer.