Tag: eurozone

IMF Completes Egypt Review, Approves New Arrangement The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. This enables the authorities to immediately draw about US$1.2 billion (SDR 922.87 million), bringing Egypt’s total purchases under the EFF to about US$3,207 million (SDR 2,420.22 million or 119 percent of quota). Egypt’s 46-month...

US Dollar Faces Weekly Losses Amid Trade Tariff De-Escalation markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade The US Dollar remained under pressure, poised to end the week in negative territory as easing trade tensions boost risk appetite. Investor sentiment improved after the US rolled back tariffs on imports from Mexico and Canada, following Wednesday’s decision to halt a planned...