Sunday 20 February 2011

Egypt pound edges weaker as banks reopen | Reuters

The Egyptian pound edged weaker in slow trade on Sunday after the nation's banks reopened from a three-day closure caused by worker strikes and protests.

The pound was trading at 5.883 to the U.S. dollar, down from 5.877 when banks were last open on Sunday of last week, a dealer said.

"It is very quiet and slow. There are a few trades at 5.883," a trader working in a bank treasury room said

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