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Gulf remittances anchor the EGP against market pressures
The USD is changing hands at around EGP 51.92 to 52.02.
EGP hits record low of 52 against the USD
The greenback was trading at EGP 52.11-52.21 at state-owned banks and the CIB
EGP holds at 50 despite USD 1 bn in exits on Thursday
The USD held firm just above the EGP 50 mark as banks closed on Thursday for the weekend, capping a…
The EGP remains an appealing carry trade
The EGP offers an attractive nominal yield of 19% annualized over three months
EGP weakens against the greenback after weeks of gains
The EGP / USD exchange rate rose EGP 0.51 yesterday
CBE cuts interest rates by 200 bps
Good morning, friends, and happy weekend. We’re being treated to cooler-than-usual weather this weekend, and to that we say: thank…
USD rebounds against EGP
Good morning, friends, and happy weekend. As temperatures rise, so do our collective desires to stay in, pick up a…
After weeks in the green, the EGP starts slipping against the USD
A spike in USD demand after easing FX restrictions could be behind the dip
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