Kenyan shilling Continues to Shed Against the US Dollar
Secondary Market: Trading in the secondary market improved during Wednesday’s trading session as bond turnover multiplied to KES 1.04 billion with 28 bond deals transacted. However, majority of the deals were odd lots.
The IFB1/2014/12Year has regained popularity, recording the highest traded volumes worth KES 400 million yesterday.
Money Market: The Kenyan shilling continued to shed against the US Dollar, for the second consecutive day, as improved liquidity and importers increased demand for dollars. The local currency dropped 0.17% against the US dollar, to close the trading day at 103.38; although, crude oil data to be released later on in the day, may allow the shilling to rally against the greenback.
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