The Egyptian pound fell to yet another record low, a sign that authorities are pressing ahead with a shift to more flexible currency trading. The currency slumped as much as 14% to 32.1 per dollar ...

The Egyptian pound plunged to a record low on Wednesday as authorities navigate the country’s worst foreign-exchange crunch in half a decade. The currency headed for its biggest slump since a ...

Brendan McKenna from Wells Fargo Securities lays out his calls for the best opportunities and biggest risks in the currency ...

March 7 (Reuters) - Egypt's pound held steady on Thursday, a day after the central bank let the currency plunge and announced a shift to a more flexible exchange rate system as Cairo secured an ...

This morning, we got some very good news out of Egypt as this statement was released by the Egyptian central bank: I have to say I agree with everything in the statement, and I think it is the only ...

CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit ...

Egypt’s dollar bonds surged and its pound strengthened in street trading, as a landmark $35 billion investment deal with the United Arab Emirates stoked optimism that the cash-strapped nation will ...

Investors are bracing for steeper declines in the Egyptian pound, with the North African nation expected to seal a preliminary deal with the International Monetary Fund in just days. Derivatives ...

CAIRO (Reuters) - The Egyptian pound weakened on Wednesday at an exceptional central bank sale of $1.1 billion aimed at supplying dollars to importers of essential foodstuffs, allowing it to hit a new ...