# Egyptian Pound Cuts Losses Against Dollar Last Week, Reaching Its Highest Level Since October 19

> The Egyptian pound strengthened last week, reaching about 53.87 per dollar for buying and 53.97 for selling, after losing 2.12 pounds against the dollar during October and touching a record low of 56.32. The recovery coincided with foreign investors recording about $400 million in net inflows into local Treasury bills, reversing net outflows of roughly $1.5 billion in the week ending October 29.

- Date: 2026-11-07 · published 2026-11-07T21:11:16.169Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/86543-egyptian-pound-cuts-losses-against-dollar-last-week-reaching-its-highest-level
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Foreign inflows supported the pound and eased pressure on the exchange rate, which can lower the local cost of imported feed and inputs if the move persists. The development is bearish for the US dollar-to-pound rate, though renewed geopolitical tension or capital outflows could reverse the support.

## Read by commodity

- USDEGP: bearish ▼

## Sources

- nabd.ws: https://nabd.ws/h/180497810-2d42fd/?hf=2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.