The hard currency crisis in Egypt has re-emerged during the past two weeks, after a number of government and private banks stopped opening new documentary credits or collection documents for importers, due to the scarcity of the dollar in the largest market in the region in terms of the number of consumers, according to 5 … Read more
Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending … Read more
Treasury bonds and the dollar US Treasuries posted a modest increase at the front of the yield curve, with the monetary-policy-sensitive two-year yield falling by 3 basis points. Falling bond yields indicate that traders are betting that pressure to raise interest rates will ease. The dollar traded near its lowest level since April and the … Read more
Oil prices rose as demand prospects improved in China, the world’s largest oil importer. Oil prices are rising, reaching their highest levels in a week Oil prices rose by a dollar a barrel, today, Friday, heading for its largest weekly gain since last September, with the decline of the dollar, and amid more indications of … Read more
The Egyptian pound resumed its declining path against the dollar, hitting £26.4 during Wednesday trading, hours after Emission Banque Misr and the National Bank of Egypt, two branches of the Egyptian government, have issued a new savings bond with a yield of 25% to spend annually or 22.5% to spend monthly, with the aim of … Read more