|Bid||26.17 x 1100|
|Ask||28.00 x 200|
|Day's Range||26.34 - 26.58|
|52 Week Range||24.72 - 40.87|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.94%|
Egypt's core inflation increased to 31.95% in June compared with a reading of 30.57% in May.
Goldman Sachs in a note today says that it is not yet time to change tack on emerging market currencies, given the economic growth still possible. As the dollar and other developed-market currencies shift with central bank policy, Goldman analysts Kamakshya Trivedi and Zach Pandl note four realities: Goldman thinks there is room for ‘good carry’ in select countries. Analysts move their dollar to Mexican peso (MXN) forecast stronger to 17 in 12 months (the peso has recovered from its weakness following the U.S. election, and one dollar equals 17.98 pesos).
Fresh data show Egypt's inflation inched higher in June in a trend likely to continue as electricity and fuel prices rise. The VanEck Vectors Egypt Index exchange-traded fund (EGPT) was down 2% Monday in midday trading, paring earlier losses. Reuters quotes sources who say the import-dependent nation's core inflation, which rose to 31.95%, could rise to 35 percent over the next four weeks unless the Egyptian pound strengthens.