Pre-Trading Thoughts

El Sisi has suggested there will be no further devaluation of the EGP if the effect of the exchange rate is taking a toll on the lives of Egyptians. He added that we need to boost exports and lower imports. Turning to international debt markets to support reserves and help meet USD needs is no longer an option, El Sisi said. US Federal Reserve decided to leave interest rates unchanged for the first time in 15 months. Egypt has submitted its application to join the BRICS group beca...