Global Courant 2023-04-19 13:48:50
The price of the US dollar in Egypt stabilized at the start of trading on Wednesday as the dollar rebounded globally, supported by the rise in bond yields and expectations of a rise in US interest rates in May, according to Reuters.
The price of the dollar today in Egypt:
Banque Misr
LE 30.75 for sale
LE 30.85 for sale
National Bank of Egypt
LE 30.75 for sale
LE 30.85 for sale
Central Bank of Egypt
LE 30.83 for sale
LE 30.96 for sale
Commercial international bank
LE 30.85 for sale
LE 30.95 for sale
Suez Canal Bank
LE 30.85 for sale
LE 30.95 for sale
Housing and developmentmen Bank
LE 30.85 for sale
LE 30.95 for sale
Arab African International Bank
LE 30.85 for sale
LE 30.95 for sale
LE 30.85 for sale
LE 30.95 for sale
US Dollar Price Forecast in Egypt
The US Federal Reserve is facing a problem, one of the main factors of which is the series of rate hikes in 2022, banking expert Ahmed Shawky said.
“If the US Federal Reserve does not set interest rates, they will be raised by up to 25 basis points, which will attract more investment to the dollar,” he added.
Shawky explained that in televised statements this move would negatively impact the performance of other currencies worldwide, especially emerging markets.
Shawky continued in televised statements that this move would negatively impact the performance of other currencies around the world, especially in emerging markets.
He expected an increase in the dollar exchange rate in Egypt by no less than ten percent in the near future.
Many international institutions also expect a rise in the price of the dollar against the pound soon, evidenced by the rise in future prices exceeding LE 40, he said.
Edited translation of Al-Masry Al-Youm
