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Dollar climbs above 52 pounds
The article emphasized that the US dollar's exchange rate against the Egyptian pound fluctuates between close to 51 and 52 pounds, without a clear trend of either rise or fall. Its current movements are driven by political developments and statements related to the disagreement between the United States and Iran, which impact the market quickly and unpredictably. The dollar surpassed 52 pounds at some banks after ending the week at approximately 51.73 pounds, with continued volatility due to political tensions and new news. The report also noted that other assets like gold and oil are similarly affected by these developments. Gold is expected to decline significantly but remains above important support levels, while oil prices are anticipated to fluctuate sharply in line with political stances and statements, especially given the ongoing tensions between Washington and Tehran and their impact on energy markets.
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