Pre-Trading Thoughts

The USD has dropped almost 13% against a basket of currencies on the back of easing US inflation, which is increasing investor appetite for higher-yielding risk assets around the globe. (Reuters) The cost of insuring Egypt's sovereign debt (CDS rates) declined, since the government announced the progress in the privatization program, to record 12.9% for the 5-year contracts, compared to 14.8%. Foreign investments in treasury bills rose to EGP392.5 billion at the end of April 2023, adding USD ...