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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.

Ehab Zakaria

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 …

Hossam Mounir

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 …

Hossam Mounir