The stability of the dollar’s price against the Egyptian pound today, October 24th


settle down The price of the US dollarAgainst the Egyptian pound, at the beginning of today’s trading, Saturday, October 24, 2020, in banks operating in the local market.
وارتفع The price of the US dollar, In front of the Egyptian pound, at the conclusion of Wednesday’s transactions, at a value that ranged between 1 and 3 piasters in the Central Bank of Egypt, and about two piasters in the Commercial International Bank – Egypt.

The official price announced by the Central Bank, for a dollar, was about 15.64 pounds for purchase, 15.76 pounds for sale, while the average selling price was about 15.65 pounds for purchase, 15.75 pounds.

وجل dollar price, About 15.65 pounds to buy, 15.75 pounds for sale, in the banks of the National Bank of Egypt, Egypt, and Cairo.

وبلغ dollar priceAt the Commercial International Bank – Egypt, about 15.65 pounds for purchase, 15.75 pounds for sale.

And it was The price of the US dollarIt is witnessing a state of stability against the Egyptian pound, during a period of more than two months, before it rose by a value of 11 piasters during the third week of last May’s transactions.

Foreign exchange rates increased collectively against the Egyptian pound in banks on Tuesday, and the dollar index rose during the week as two vaccine trials were temporarily suspended, and talks about fiscal stimulus in the United States faltered, weakening market sentiment. The British Pound fell after Prime Minister Boris Johnson warned that the UK would be forced to leave the European Union without a deal, saying there would be no further trade or security talks unless the EU adopts a “fundamental change in approach”.

The euro fell as well as gold on the back of the dollar’s rise, and as the MSCI EM index fell slightly, to end the week’s trading, down by 0.07%.

And US Treasury bonds rose during the week as talks stalled over the adoption of fiscal stimulus packages and the numbers of coronavirus infections spiked again around the world.

Current market rates reflect a 4.8% probability that the Federal Reserve will cut rates by the end of the year, unchanged from last week.


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