Industry & Trade Chinese trade dip halts dollar, sends yuan to six-year low Noha Gad Oct 13, 2016 0 A poor batch of Chinese trade numbers halted the dollar's broader rally on Thursday and sent the offshore version…
forex news Pound extends losses after reports Brexit would cost U.K. £66 billion Yomna Yasser Oct 11, 2016 0 The British pound has extended losses on Tuesday against the dollar as Brexit fears persisted, while the yen lost…
forex news Dollar firm, sterling on the defensive on lingering Brexit concerns Yomna Yasser Oct 11, 2016 0 The dollar firmed Tuesday, while the beleaguered pound sterling wallowed near recent lows on lingering fears about…
Industry & Trade Cairo Chamber says state’s importing bill to drop by $8bn end-2016 Noha Gad Oct 9, 2016 0 Egypt's bill of importing commodities is expected to drop by US$8 billion by the end of 2016 due to the ongoing…
forex news Dollar hovers near 2-month high Yomna Yasser Oct 5, 2016 0 The dollar hovered near a two-month high against a basket of currencies on Wednesday, lifted by hawkish comments…
forex news Pound sterling falls to fresh 31-year low, briefly trading below $1.27 Yomna Yasser Oct 5, 2016 0 The pound sterling continued to get punished Wednesday, building on its recent losses that have been sparked by…
World Asia stock markets mixed as dollar surges amid Fed officials’ hawkish comments Yomna Yasser Oct 5, 2016 0 Asian stock markets traded mixed Wednesday, as the dollar surged after hawkish comments from the U.S. Federal…
Banks CBE keeps EGP unchanged vs dollar, contradicts flotation forecasts Noha Gad Oct 5, 2016 0 The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the US dollar at…
forex news Egypt central bank keeps pound stable at Tuesday’s regular dollar sale Yomna Yasser Oct 4, 2016 0 Egypt's central bank kept the Egyptian pound stable at 8.78 against the dollar during Tuesday's weekly auction of…
forex news Sterling hits 31-year low, dollar strengthens broadly Noha Gad Oct 4, 2016 0 Sterling slid to its weakest level in more than three decades against a dollar that was trading stronger across the…