What if banks are inaccurately pricing the USD, one economic analyst asks in his latest piece

What if banks haven’t figured out how to price the USD? CI Capital macro analyst No’man Khaled asks in his latest column for Al Shorouk. Sharp swings, rather than slight fluctuations, in the EGP-USD exchange rate seem to be more the result of “short-sighted personal effort” rather than a deep understanding of the economic situation or a medium- or long-term outlook, Khaled argues. His suggestion sounds like a step away from a managed float: Theestablishment of an FX committee made up of “experts and industry professionals” to guide the banks and the market.