Al-Khebir Banker Ahmed Shawky said, “There is a case of fear of indirect investments in America, explaining that the profits of American banks are declining, with falling income rates.”
And according to the economic expert, during his meeting with the media Ahmed Musa, in the program on the responsibility of the Al-Zhaa on the channel of the city of the country, that the international dollar reserves decreased by 155 billion dollars, with the direction of the international banks to hedge the various businesses, in addition to gold.
As Shawky added, prices in Egypt, many companies around the world are withdrawing from dealing with the American economy, saying: the dollar fell in front of foreign currencies, with the euro rising 5%, and the franc and many major currencies increasing by 3 and 5%.
Expected: the future of the American dollar will be low during the next period in front of international foreign currencies.
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