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Economy / Egypt

Currency Forecasts Revisited: ILS and EGP

July 2009 | Market Strategy

With the sell-off in the dollar against the euro over recent months, currencies in the region have been rallying of late. We have revised down our end-year US$/EUR forecast to US$1.45/EUR, and, in light of these new projections, we now revisit our forecasts for Egypt and Israel.

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