مؤشر الدولار يرتفع عالمياً ويقوى أمام الجنيه في البنوك المصرية

The U.S. dollar index rose by 0.4% today, reaching 99.8 points. This movement brings it close to its highest level in five months at 100.2 points, a peak it touched earlier in November. This increase occurs amid moderate expectations that the Federal Reserve will implement another interest rate cut next month.

Recent data on unemployment claims from late October indicate a relative stabilization in joblessness. This development has alleviated concerns about a weakening labor market, which some opinion polls had previously suggested.

Futures contracts for interest rates reveal that half the market now expects the Federal Open Market Committee to maintain interest rates at their current levels in its final decision this year. This stands in contrast to last week’s near-consensus prediction of a 25 basis point rate cut.

The dollar index has also benefited from weakness in the Japanese yen. Japan’s Prime Minister Takayichi Sanai has hinted at strong stimulus measures, which have exerted pressure on Japanese government bonds. This is likely to continue expanding the Bank of Japan’s balance sheet.

In Egypt, the dollar’s exchange rate against the Egyptian pound increased, reaching approximately 47.34 pounds for buying and 47.44 pounds for selling. These figures come from exchange rates reported by Banque Misr and the National Bank of Egypt.

HSBC recorded the dollar price at 47.35 pounds for buying and 47.45 for selling, while at the National Bank of Kuwait Egypt, the rate ranged between 47.37 pounds for buying and 47.40 for selling.

At the Bank of Cairo, the dollar was priced around 47.13 pounds for buying and 47.23 for selling.

The Egyptian pound has benefited from the global drop in the dollar’s value and from inflows of foreign currency into Egypt. The local currency has risen by 7% since the beginning of 2025.

It is noteworthy that the Central Bank of Egypt is scheduled to hold an important meeting tomorrow, Thursday. The discussion will focus on interest rates, currently at 21% for deposits and 22% for lending, following a rise in inflation to 12.5% in October from 11.7% in September.