Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Egypt

US$ Rebound Puts Bullish FX Views On Hold

January 2010 | Market Alert

The rebound in the dollar puts our bullish EGP and ILS views on hold temporarily, although longer term, our view is that the greenback will strengthen against the beleaguered euro more than it will against resilient EM currencies, and both the Israeli shekel and the Egyptian pound fit into this latter category.

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