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Dollar falls 3% vs Pound
The dollar price against the Egyptian pound decreased by approximately 3%, reaching its lowest level in 100 days, influenced by improved investor sentiment and the return of foreign investments to the local market. This decline came after the U.S. president announced an agreement with Iran to halt the war in the Middle East, which helped ease geopolitical concerns. Additionally, the market supported the pound through increased activity in the interbank market, with dollar transactions rising by about 33% over two days to nearly $800 million.
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