USD/EGP Exchange rate

EUR/USD attempts some recovery following lows near 1.0820 as the US Dollar chalks up another strong day. In the meantime, persistent tariff jitters and disappointing February US Producer Price data are keeping the pair on the back foot.

Gold is on a roll, surpassing the $2,950 mark per troy ounce amid the continuation of the upside impulse so far this week. Escalating trade tensions have heightened fears of an economic downturn, creating a risk-averse atmosphere that continues to make the precious metal an attractive safe haven.

Persistent buying pressure in the Greenback is weighing on risk sentiment, motivating GBP/USD to gyrate around the 1.2940 region and erase its two-day rally for now.

Metaverse tokens are cryptocurrencies associated with virtual worlds, digital economies, and immersive online experiences. Tokens like Sandbox, Decentraland, and Axie Infinity, three of the most prominent assets during the Metaverse boom of 2021, continue to face correction since they topped in early December.

The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.