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Two Egyptian economists said the dollar returning below 50 pounds depends on an end to the US-Iran war, geopolitical stability and renewed foreign inflows into Egyptian debt. The dollar had fallen about 2.2% over the first four sessions of the week to a two-week low, after rising about 7.3% in October.
Egyptian currency swings directly change the landed cost of imported feed grains and meals. A weaker pound would raise costs for buyers, while a firmer pound would ease them.
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.