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The Watch
Egyptian pound hits 47.90 versus USD
Egypt’s banks displayed slight differences in USD exchange rates on March 17, 2024. The Central Bank of Egypt (CBE)…
Gold prices fall amid firmer dollar, more US data on deck
Gold prices went down on Thursday amidst a firmer US dollar and elevated treasury yields, with traders expecting…
Currency market stabile in early Thursday trade
The currency market kicked off early Thursday trade in stabile movement, with the US dollar stabilising against…
Oil jumps on US demand surge
Early on Thursday, Brent futures for May rose by $0.11 to $84.14 a barrel, and April WTI crude increased by $0.10…
Oil pushed up by strong demand in early Wednesday trade
Expected strong global demand pushed oil prices up, notably in the United States despite ongoing concerns about its…
Gold prices nudge down ahead of US inflation data
Gold prices experienced a slight decline from levels close to an all-time high on Tuesday as market participants…
Oil inches up ahead of US inflation data
Oil prices saw a marginal increase, with Brent futures nearing $83 a barrel and West Texas Intermediate crude…
Gold prices pause record-breaking surge in early Monday trade
Gold prices paused their record-breaking surge on Monday, driven by a cooling US labour market and Federal Reserve…
Oil declines further in early Monday trade
Oil fell on Monday due to concerns about sluggish demand in China, despite geopolitical tensions in the Middle East…
Egypt confident in ability to satisfy FX demand – PM
The Egyptian state is confident in its ability to satisfy the demand for foreign currency from now on, Egypt’s…