The price of the US dollar witnessed a rise against the Egyptian pound during the fourth and last week of February trading, to conclude the week’s transactions with a rise in its price in banks, with a value that ranged between 3 and 5 piasters.
The price of the US dollar increased against the Egyptian pound, at a value of 4 piasters in the Egyptian National Bank, Egypt and Cairo.
While the price of the dollar rose at a value of 5 piasters in the Commercial International Bank – Egypt, and a value that ranged between 3 and 4 piasters in the Central Bank of Egypt.
Today, the price of the US dollar is about 15.63 pounds for purchase, 15.73 pounds for sale, in the Egyptian banks of Al-Ahly, Egypt and Cairo.
The price of the dollar, in the Commercial International Bank – Egypt, was about 15.65 pounds for purchase, 15.75 pounds for sale.
The official price announced by the Central Bank of Egypt, for the dollar, was about 15.62 pounds for purchase, 15.76 pounds for sale, while the average selling price was about 15.64 pounds for purchase, 15.74 pounds for sale.
Globally, the US dollar index closed the week’s trading lower, due to the increase in Treasury bond yields following the intense selling wave in the bond markets, as a result of investors ’distancing from safe-haven assets, and with increased market optimism about the prospects for economic recovery and expectations of an increase in inflation rates.
The euro currency ended the week almost unchanged, and at the same time, the pound sterling rose amid increasing launches and effective distribution of the vaccine, ahead of the announcement last Monday of Boris Johnson’s roadmap for his country’s exit from lockdown.
The MSCI EM Index fell 0.13%, halting its two-week streak of gains.