On Monday, the US dollar recorded significant and unexpected losses against the Egyptian pound in the foreign exchange market. This decline followed a period of short-lived and minor dollar gains. Analysts link this shift to new economic indicators that contributed to the strengthening of Egypt's national currency.
The US dollar suffered significant and unexpected losses against the Egyptian pound during trading on Monday evening. This came after a short period of minor increases. The market reacted to new economic data that strengthened the local currency's position. Experts link this to an increase in foreign investment inflows into the Egyptian sector.
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