By Merrit Kennedy (NPR) Egyptians have been struggling economically since the revolution last year that ousted President Hosni Mubarak. The Egyptian pound has remained relatively stable, though, because the central bank shored it up through foreign reserves, which prevented food prices from skyrocketing. But despite increasing political stability, concerns about the currency remain. The market has been volatile since Mubarak was ousted, swinging up and down with Egypt's political unrest. Samer Read more [...]

Johannesburg - The rand reversed earlier losses against the dollar on Tuesday and looked set to close stronger in New York for the first time in three days as optimism that countries in the eurozone are dealing with their debt problems boosted overall risk sentiment. Government bonds also latched on to the gains, pushing yields sharply lower as foreigners ventured back into local debt which still offers relatively higher returns than those in more developed countries. The rand came off a Read more [...]

NAIROBI—The Kenyan shilling gained against the dollar on Wednesday after the central bank raised the benchmark lending rate by a higher-than-expected 400 basis points to 11 per cent and traders expected the currency to strengthen further. Traders said the local currency could firm to below 100 shillings per dollar gradually as the market reacts to the decision and yields on government securities rise attracting offshore investors. At close of markets, the shilling was quoted at 101.20/40 against Read more [...]