CAIRO, July 4 Egypt's pound strengthened
suddenly on the black market on Thursday to 7.30/35 to the U.S.
dollar from 7.60/65 earlier in the day, a trader said.
Other markets have improved a day after the military pushed
the country's Muslim Brotherhood president out of power,
including the stock market, whose main index shot up by
The pound had earlier strengthened marginally on the
official market after a central bank auction, its first such
increase since a currency crisis in December.
Traders said prices of Egypt's international bonds were
quoted sharply higher, by several cents on the dollar.