CAIRO, April 26- Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. The black market had flourished as a slump in tourism and investment since the overthrow of Hosni Mubarak in 2011 limited supply of hard currency-- undermining an image of relative...» Read More
Egypt made history on Wednesday as it kicked off its first free presidential election and put its fragile democratic transition to the test. Just over 50 million eligible citizens are expected to cast their votes over the course of two days.
The benefits from reverting to the drachma would occur only after a very painful period of high and rising unemployment, falling government revenues and decreasing economic output. The idea that increased revenues from more tourists would make up for this is alarmingly naive.
CNBC's Kelly Evans reports on Europe's stocks, bonds and investor hopes ahead of Wednesday's summit with European Union leaders.
The odds are rising of a Greek exit from the euro - but what happens next is another question.
The Greek drama plays on and the Swiss may go for the gold - it's time for your FX Fix.
"The problems in the euro zone are now affecting the mood, in Asia, the United States, Japan and elsewhere," says Angel Gurria, OECD Secretary-General, discussing the outlook on the euro zone's economic recovery and the impact of Greek debt on global markets.
Euro gets a reprieve and stimulus talk hits the yen - it's time for your FX Fix.
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
Europe is scary right now, no question. Here's how one strategist plans to take shelter from the storm.
Next week's overnight trading opportunities. If you can't sleep, trade currencies, with CNBC's Brian Sullivan and the Money In Motion traders.
The biggest bear of all, Dr. Doom (Marc Faber), discusses the future of the euro and whether a global catastrophe is on the way, with CNBC's Brian Sullivan and the Money In Motion traders.
Can this weekend's G8 conference save Europe? How you can protect your wealth from the euro meltdown, with CNBC's Brian Sullivan and the Money in Motion traders. Also, turning world events into winning trades. And is it time to get in on gold? With Larry McDonald, sr. director, credit sales & trading, Newedge USA, LLC.
The euro is facing serious headwinds, but this strategist thinks sentiment could easily shift.
Greece weighs on the euro and safe havens get a lift - it's time for your FX Fix.
CNBC's Kelly Evans reports European stocks are on track for their biggest weekly decline since November, as fear about Greece and Spain grow and Moody's downgrades 16 Spanish banks, including the euro zone's largest bank, Banco Santander.
Hans Olsen, of Barclays, says investors should stay defensive on health care, consumer staples and dividend-payers.
Based on past bouts of big market swings, the dollar could get a meaningful lift if volatility rises.
The Greek tragedy weighs on the euro, but Japan's GDP lifts the yen - it's time for your FX Fix.
Wondering if today's bounce in the euro is an aberration? This strategist has an answer.
Euro Slips, Pound Trips, Asian Central Banks Intervene — it's time for your FX Fix.