TITLE

EGP: Short-Term Downside Risks

PUB. DATE
April 2010
SOURCE
Emerging Markets Monitor;4/12/2010, Vol. 16 Issue 2, p18
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article discusses the decline of the Egyptian pound (EGP) which could reach the 5.60 EGP per U.S. dollar level in April 2010 due mainly to the strong U.S. dollar versus the euro. However, the euro is expected to bounce back a bit when the debt crisis in Greece starts to settle. The three main aspects in pushing the pound upwards are also discussed which include a steady economic growth, current account surpluses and low inflation.
ACCESSION #
49118920

 

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