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Egyptian TV host Lamis El-Hadidy said the US election results were followed by declines in oil prices and in the dollar against the Egyptian pound. She noted that the dollar moved below 54 pounds and said upcoming market moves would show whether the declines are temporary or sustained.
Lower oil prices can ease energy and freight costs, while a stronger pound can reduce Egypt’s local-currency cost of imported feed and inputs. Both moves are potentially cost-relieving for buyers, though the report does not establish a lasting trend.
almasryalyoum.comبسام رمضانNov 6, 2026After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
