USD slips against EGP on Wednesday after recent geopolitical-driven gains

The USD declined against the EGP during Wednesday's trading, reversing part of its recent gains that followed renewed geopolitical tensions in the region.

By 1:56 pm, the dollar traded at EGP 50.53 for buying and EGP 50.63 for selling at the National Bank of Egypt (NBE) and Banque Misr.

Meanwhile, the Commercial International Bank (CIB) quoted the US currency at EGP 50.42 for buying and EGP 50.52 for selling.