Date: 9-Sep-21
LOCAL NEWS The Kenya shilling continued to benefit from flows into the government infrastructure bond on Wednesday. The currency pair opened the day 110.00-30 a tad higher than Tuesday’s close. The same levels held for the better part of the session amid high demand for the hard currency from merchandise importers .The KES gained 5cts in the afternoon session to close the day at 109.95-110.25.
CENTRAL BANK RATE (%)
COUNTRY 91-Day 182-Day 364-Day CBR INFLATION
Kenya 6.774 7.226 7.517 7.00 6.57
Uganda 7.18 10.45 11.60 10.00 3.60
Tanzania 2.25 3.23 5.12 7.00 3.30
Rwanda 6.57 6.96 8.21 4.50 7.70
Majors Indicative Cross Rates
Currency Buy Sell Currency Buy Sell
USD/KES 109.95 110.25 GBP/USD 1.3770 1.3775 151.40 151.87 GBP/KES EUR/USD 1.1820 1.1825 129.96 130.37 EUR/KES USD/ZAR 14.2075 14.2220 99.91 100.14 JPY/KES USD/JPY 110.05 110.10 7.37 7.40 ZAR/KES
Regional Currencies Regional Currencies
Currency Buy Sell Currency Buy Sell
KES/UGX 31.91 32.09 USD/UGX 3525.00 3535.00
KES/TZS 20.96 21.15 USD/TZS 2319.00 2324.00
KES/RWF 9.15 9.16 USD/RWF 984.66 1004.36
KES/SSP 0.2324 0.3351 USD/SSP 335.11 482.23
INTERNATIONAL NEWS EUR/USD The pair is consolidating above 1.1800, turning defensive ahead of the all-important ECB taper decision. The US dollar holds the higher ground amid hawkish comments from Fed’s Kaplan. US Jobless Claims, President Biden’s six-pronged strategy will be eyed as well. GBP/USD The pair remains pressured towards 1.3750, continuing its fall for the fourth consecutive day. The US dollar trades firmer amid hawkish Fed speak and risk aversion market conditions. The sterling losses ground on BOE stance, Brexit chaos.
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