USD falls below EGP 50 for the first time since March

Good afternoon, ladies and gents, and congratulations on making it to the long weekend.

Elsewhere in today’s issue, the Grand Egyptian Museum is redefining what a museum can be

**A QUICK PROGRAMMING NOTE

Without further ado, the news…

📍 The USD fell below the psychological EGP 50 mark across several local banks on Wednesday for the first time since March

The correction marks a sharp reversal from the record highs of over EGP 54 triggered by the flare-up of the US-Iran war

“The decline of the USD below EGP 50 does not mean we have returned to pre-war levels, nor that we are necessarily heading there.

THE BIG STORY ABROAD

🌐 Still dominating the front pages today are the terms included in the 14-point agreement between the US and Iran CNN

^^Read more on: CNN Reuters The Guardian

^^Read more on: BBC Reuters the Guardian

^^Read more on: Reuters CNBC ABC News NBC News

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.

** CATCH UP QUIC K:

☀️ TOMORR OW’S WEATHER