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    Khusoko – East African Markets
    MARKETS

    Kenyan Currency Appreciates Marginally at 100.7 vs US dollar

    KhusokoBy Khusoko2019-04-08No Comments1 Min Read
    Kenya’s 2 and 15-year Treasury Bonds Raise Ksh 32bn

    The Kenyan Shilling appreciated marginally against the US Dollar to Kshs 100.7, from Kshs 100.8 the week ending April 4., mainly on account of subdued greenback demand.

    The Shilling has appreciated by 1.1% year to date. According to Cytonn Investments, “The shilling should remain relatively stable to the dollar in the short term.”

    At the Interbank Foreign Exchange, increased to 3.56% on April 4 from 3.06% on March 28. “The average number of interbank deals remained unchanged at 9 while the value traded increased to KSh 2.61 billion from KSh 1.87 billion in the previous week,” according to the Central Bank data.

    Kenyan Shilling
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