The Egyptian pound weakened to a fresh six-year low to the dollar on Wednesday, as Egypt's poor economic outlook and political uncertainty prompted investors to sell the currency.
It later regained some ground after investors bought pounds to invest in a stock market rally, bankers said.
The pound traded at 5.9640 to the dollar after hitting 5.9765 earlier in the day, a the lowest since January 2005. It was down 0.29 percent from Tuesday's close.
No comments:
Post a Comment