Dollar rise hits commodities as Fed talks of tightening
The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet…
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Dollar steadies on Fed rate talk, sterling options soar
The dollar steadied on Wednesday, underpinned by hawkish comments from U.S. Federal Reserve officials as Asian…
Euro surges for 3rd straight week against dollar
The dollar edged higher in light trade Friday as investors bought back greenbacks ahead of the weekend following a…
Dollar bounces but down for third straight week
The dollar rose against most major currencies on Friday, recovering from a five-month low, as traders exited short…
Moody’s describes Pound devaluation as credit positive for Egypt
The recent decision by the Central Bank of Egypt (CBE) to adopt a flexible exchange rate has been remarked as…
Asia jumps as cautious Fed lifts risk appetite, dollar on defensive
Asian shares gained across the board on Thursday as risk appetite revived after the Federal Reserve reduced the…
CBE strengthens pound against dollar
The Egyptian pound was strengthened against the US dollar at an exceptional auction held by the Central Bank of…
Dollar on hold as Fed outcome looms, kiwi & sterling pressured
The dollar was in a holding pattern on Wednesday as markets waited for fresh guidance from the Federal Reserve,…
Global stocks dip, dollar on tenterhooks for Fed; oil bounces
Asian shares were mostly lower on Wednesday while the dollar dithered as markets waited anxiously for the Federal…
CBE offering $1.5 bln at auction to eliminate black market
The Central Bank of Egypt (CBE) will offer on Wednesday to sell $1.5 billion in an exceptional auction to banks so…