Pre-Trading Thoughts

The EGP eased another 1.6% against the greenback yesterday, settling at EGP 18.57 Moody's considered that the CBE will help protect the country's FX reserves and secure a new program with the IMF Ministry of Finance plans to sell USD500 million in JPY-denominated bonds in Japan on Thursday The government revised downwards its GDP forecast for FY2022-23 to 5.5% down from the 5.7% Suez Canal Authority will raise fees, temporarily, by 7-10%, starting May Tourism incentives such as ca...