News
The Egyptian pound has climbed to its highest value against the U.S. dollar since November 2024, reigniting debate among investors and economists over whether the rally is sustainable. As of Thursday, 24 July, the pound was trading near EGP 49 per dollar, rebounding sharply from levels above EGP 51 just weeks earlier. The appreciation follows shifts in global capital allocation, as markets have increasingly rotated away from the U.S. dollar in recent months, driven by expectations of Federal Reserve rate…
