
Foreign investors sold a net $3.5 billion of Egyptian Treasury bills in October, up 323% from roughly $827 million in September, according to the Egyptian Exchange's monthly report. Around $1.5 billion of those sales came in the last seven trading days of October.
Heavy outflows of short-term foreign capital add pressure on the Egyptian pound, which weakened toward 56.35 per dollar in October, and raise the dollar cost of fuel and feed imports for Egypt. A weaker pound raises local feed prices even though the commodities themselves are priced in dollars.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.