settle down price The US dollar against the Egyptian pound, in banks operating in the local market at the beginning of today’s trading, Monday, May 10, 2021.
The price of the US dollar witnessed a retreat against the Egyptian pound in the banks operating in the local market, during the transactions of the first week of May 2021 – the fourth of the holy month of Ramadan.
The price of the US dollar, against the Egyptian pound, decreased during last week’s transactions, at a value of one penny in the Egyptian National Bank, Egypt and Cairo.
While it decreased by a value of two piasters in the Commercial International Bank, Egypt, while it decreased by a value that ranged between one and two piasters in the Central Bank of Egypt.
Today, the price of the US dollar was about 15.60 pounds for purchase, 15.70 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 15.61 pounds for purchase, 15.71 pounds for sale.
The official price announced by the Central Bank of Egypt, for the dollar, was about 15.60 pounds for purchase, 15.72 pounds for sale, while the average selling price was about 15.61 pounds for purchase, 15.71 pounds for sale.
Globally, the dollar index fell this week amid a decline in returns, the euro rose as a result of the weakening of the dollar and the increase in positive investor sentiment due to the positive economic data.
The sterling’s gains were limited as the volatile currency retreated after rising at the beginning of the week, which occurred as a result of the strong depreciation of the US dollar.
US Treasury bonds rose this week by a slight margin, driven by increased investor anxiety due to the sharp rise in cases and deaths due to the Coronavirus, which raised some fears of the outbreak of a third wave of the epidemic.
Biden’s proposal to increase capital gains taxes on the wealthy increased demand for Treasury bonds, outpacing the impact of positive economic data.