
Arab and foreign investors were net buyers of $614.6 million in Egyptian government debt on the secondary market on Monday. Foreign investors recorded net purchases of $399.9 million last week, while Arab investors were net sellers; the Egyptian pound strengthened against the dollar on Monday.
Renewed foreign buying of Egyptian debt can support the pound and increase demand for Egyptian government securities, while currency movements affect the cost of imports. The report does not identify a direct feed-commodity supply or demand change.
Not enough comparable past events yet for a historical read.
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