$TRUMP $XAU #HKJulyGoldNetExportsToMainland56.193Tons #SolanaSpotETFInflowsHitRecord$1.22B #JapanNoAdditionalOilReserveReleaseInSepOct #JapanNoAdditionalOilReserveReleaseInSepOct #SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow The dollar trades below 51 in Egypt.. and Morgan Stanley draws 3 scenarios for the currency’s future
The price of the US dollar against the Egyptian pound continued to fall during Tuesday’s trading, with the US currency remaining below the 51-pound level, despite a notable outflow of hot money from Egyptian government debt instruments. At the same time, a recent analysis by Morgan Stanley showed greater resilience in Egypt’s external position than previously expected.
Morgan Stanley indicated that the pressures on the Egyptian economy resulting from higher oil prices were less than expected, even though the domestic energy situation remains sensitive to movements in crude prices in global markets.
The price of the US dollar against the Egyptian pound continued to fall during Tuesday’s trading, with the US currency remaining below the 51-pound level, despite a notable outflow of hot money from Egyptian government debt instruments. At the same time, a recent analysis by Morgan Stanley showed greater resilience in Egypt’s external position than previously expected.
Morgan Stanley indicated that the pressures on the Egyptian economy resulting from higher oil prices were less than expected, even though the domestic energy situation remains sensitive to movements in crude prices in global markets.