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The Watch
Oil prices hold amid economic caution
Oil prices stabilised on Wednesday after initial gains driven by data showing a larger-than-expected decline in US…
EGP declines vs. USD in Wednesday’s early trade
The Egyptian Pound (EGP) dropped against the US Dollar (USD) as trading began on Wednesday, July 3, 2024.
Gold holds steady as investors eye Fed minutes
Gold prices remained flat on Wednesday morning as investors awaited the release of the Federal Reserve's latest…
EGP closes high on Tuesday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
Sterling slumps to 2-m low against USD
The pound sterling approached its lowest level in nearly two months against a strong US dollar on Tuesday, driven…
EGP dips marginally vs. USD at Tuesday’s market open
The Egyptian Pound (EGP) experienced a slight decline against the US Dollar (USD) as trading began on Tuesday, July…
Oil up on Tuesday
Oil prices went up to a two-month high, driven by rising Middle East tensions and the onset of the Atlantic…
Dollar rallies, yen falls to record lows
The US dollar rose on Tuesday due to higher US Treasury yields, putting pressure on low-yielding currencies like…
Gold prices steady as investors await Fed Chair’s comments
Gold prices remained flat on Tuesday as investors eagerly awaited remarks from Federal Reserve Chair Jerome Powell.
EGP dips vs. USD on Monday – CBE
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…