Egyptian Pound Touches Year’s High Against U.S. Dollar

Egyptian Pound Touches Year’s High Against U.S. Dollar

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 r…

Egyptian Pound Hits Highest Level against Dollar in 2025

The Egyptian pound (EGP) has climbed to its highest level against the U.S. dollar since November 2024, sparking speculation about whether the rally will continue, possibly pushing the currency higher versus dollar.