Dollar gains against Egyptian pound in October as global index logs second straight monthly rise

The US dollar rose 4.05 pounds against the Egyptian pound during October while its global index posted a second consecutive monthly gain.

• The dollar index fell 0.02% to 101.86 points but rose 0.39% in October, its second straight monthly gain.
• The dollar jumped 4.05 pounds against the Egyptian pound in October, closing at 55.99 for buying and 56.09 for selling in Egypt's two largest state banks.
• The currency rose between 68 and 82 piasters across ten Egyptian banks during the week's trading, approaching 56.20 pounds for selling.
• Hot-money outflows exceeded $3.5 billion over the past two weeks, with foreign investors leading the selling wave, Egyptian exchange data showed.