US Dollar Rate at Egyptian Banks:
Central Bank of Egypt:
Buying: EGP 49.38 Selling: EGP 49.51
National Bank of Egypt:
Buying: EGP 49.31 Selling: EGP 49.41
Banque Misr:
Buying: EGP 49.31 Selling: EGP 49.41
Banque du Caire:
Buying: EGP 49.31 Selling: EGP 49.41
Commercial International Bank (CIB):
Buying: EGP 49.31 Selling: EGP 49.41
Alexandria Bank:
Buying: EGP 49.31 Selling: EGP 49.41
Stable Dollar Performance Amid Local Holiday
The US dollar exchange rate stabilized in Egypt on Thursday amid the absence of active trading indicators due to the public holiday. Traders are awaiting the return of full banking activity at the end of the week to determine the direction of exchange rates based on local and global market developments.
This stability comes amid continued anticipation in global markets regarding the Federal Reserve's upcoming decisions, particularly in light of signs of an economic slowdown and pending employment data, which could impact the trajectory of interest rates and, consequently, the dollar's performance against other currencies.