Egypt's currency edged weaker on Thursday, but many banks were holding back from large dollar purchases after Tuesday's intervention from the central bank, dealers said.
"Trade is very slow," said a dealer at a Cairo bank, adding that state-controlled banks had been selling dollars to support the Egyptian pound.
The Egyptian pound had been falling steadily since political protests broke out on Jan 25, and many traders and strategists expect more losses. UBS analysts put the potential decline at as much as 25 percent within a month.
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