The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The US Dollar maintained its strength globally due to the continued partial closure of the Strait of Hormuz and associated geopolitical risks. In Egypt, the dollar initially experienced a sharp decline against the Egyptian Pound, approaching the 50 EGP level in mid-June. However, the exchange rate rose back toward the 50 EGP mark by June 21.