US Dollar Faces Worst Week Since July Amid Interest Rate Cut Bets — Exchange Rate Update for Friday, November 28, 2025
By Mahmoud Ahmed Al-Shahed & Fouad Al-Jarnousi
The US dollar is under significant pressure this week, heading toward its worst weekly performance since late July. This decline is driven by growing investor expectations that the Federal Reserve will lower interest rates at its upcoming December meeting.
Market Disruption Due to Data Center Cooling Issue
Trading on major currency and futures platforms experienced a temporary halt earlier in the week due to a cooling system malfunction at CyrusOne data centers, which serve the CME Group. Trading resumed smoothly at 12:00 GMT after the issue was resolved.
Lee Hardman, Chief Currency Analyst for the EMEA region at MUFG, reassured the markets that the outage had no substantial or lasting impact on market movements. He anticipates a calm finish both to the week and the month.
Dollar’s Performance and Global Currency Movements
Despite a modest gain of 0.2% during the most recent trading sessions that pushed the US Dollar Index to about 99.744, the dollar is still set to record its largest weekly loss since July 21, marking five consecutive days of decline.
In Asia, the Japanese yen has stabilized near 156.2 per US dollar after a prior period of depreciation. The yen’s support comes from recent employment and inflation data that have increased hopes for a possible interest rate hike in Japan. Inflation in Japan rose to 2.8% annually in November, surpassing both forecasts and the Bank of Japan’s 2% target.
Hardman noted that the yen’s recent stabilization eased government pressures to intervene in currency markets. Statements from Japanese officials last week hinted at the potential for an earlier-than-expected rate increase if the yen’s weakness continued.
European currencies showed mixed but generally resilient trends. The euro decreased slightly by 0.3% to $1.1558 but remains up approximately 0.5% for the week, on track for its strongest weekly gain since July. The optimism is partly linked to talks of a US-supported plan aimed at ending the war between Russia and Ukraine. Francesco Pesoli, Currency Strategist at ING, pointed out that any substantive progress towards peace could weaken the dollar and boost risk-sensitive European currencies.
Similarly, the British pound slipped by 0.2% against the dollar to $1.3206 but is set for its best weekly gain since early August, following a budget announcement by UK Chancellor Rachel Reeves.
US Dollar Exchange Rate Against the Egyptian Pound (November 28, 2025)
The local currency exchange rates for the US dollar in Egypt remain relatively stable, with the national banks reporting the following prices:
- National Bank of Egypt: Buying at 47.67 EGP, selling at 47.77 EGP
- Banque Misr: Buying at 47.60 EGP, selling at 47.70 EGP
- National Bank of Kuwait: Buying at 47.55 EGP, selling at 47.65 EGP
- Arab International Bank: Buying at 47.60 EGP, selling at 47.70 EGP
- Bank of Alexandria: Buying at 47.55 EGP, selling at 47.65 EGP
- Abu Dhabi Islamic Bank: Buying at 47.67 EGP, selling at 47.77 EGP
These rates provide a clear picture of currency valuation amidst ongoing global financial fluctuations.
Related Insights and Further Updates
- Silver prices have surged by 163% over the past two years, driven by multiple factors including industrial demand and investment trends.
- Gold price forecasts suggest a rise to $4,500 per ounce by mid-2026, according to Morgan Stanley, reinforcing gold’s position as a top asset.
- Meanwhile, billionaire Bill Gates has reportedly suffered the largest drop in wealth this year, with a loss exceeding $40 billion.
For continuing coverage of exchange rates, economic indicators, and global financial news, stay tuned to Al-Masry Al-Youm.
Al-Masry Al-Youm remains committed to providing daily updates on currency rates, gold prices, and financial market developments to keep readers well-informed of the economic climate affecting Egypt and the global economy.
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