On Monday the price of the US dollar continued to stabilize across Egyptian banks for the fourth consecutive week. Globally, the dollar index recorded a new rise in the stock exchange by 0.11 percent. “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. He anticipated a rise in the price of the dollar in Egypt in the coming period by no less than ten percent.
