“If the US Federal Reserve does not fix the interest rate, it will raise by a maximum of 25 basis points, which will attract more investments to the dollar,” he added. In televised statements, Shawky explained that this step would negatively affect the performance of other currencies worldwide, especially emerging markets. Shawky continued, in televised statements, that this step would negatively affect the performance of other currencies worldwide, especially in emerging markets. He anticipated a rise in the price of the dollar in Egypt in the coming period by no less than ten percent. Many international institutions also expect a rise in the price of the dollar against the pound soon, which is evident from the rise in future prices which exceeded LE40, he said.
