Egyptian Pound Leads Emerging-Market Gains as Oil Prices Ease

Currency trades below EGP 50 per dollar as lower energy costs, portfolio inflows and IMF-backed reforms lift sentiment The Egyptian pound has emerged as one of the strongest-performing emerging-market currencies in recent days, supported by falling oil prices, renewed foreign investor demand for local debt and growing confidence in Egypt’s exchange-rate reforms. According to Bloomberg, […] The post Egyptian Pound Leads Emerging-Market Gains as Oil Prices Ease appeared first on The Middle East Observer.