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Latest News

Egyptian pound weakens slightly in early trade

The pound traded at 5.942 to the dollar on Monday, down from 5.93 at Sunday's close.

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February 7, 2011 12:10 by



The Egyptian pound weakened slightly in the second day of trade after a week-long closure caused by political unrest.

The pound traded at 5.942 to the dollar on Monday, down from 5.93 at Sunday’s close and 5.855 on Jan. 27, before the week-long closure.

Markets, which are working on reduced hours, opened at 10:00 a.m.  and will close at 1:30 p.m.

(Reporting by Patrick Werr)



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