KES/US$: Stability With An Upside Bias

January 2007 | Currency Forecast

Our January 8 call for downside for the Kenyan shilling has played out, and there is potential for further declines for the unit. Any fall through KES70.50/US$ would set-up falls toward key trendline support at KES73.00/US$, though this could take several months to play out. Over the coming two years however, our view is constructive, and we expect the unit to remain within its current appreciating trend channel. Any fall through KES73.00/US would however prompt us to reassess this

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.