Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Kenya

East African FX: Shillings Sliding

October 2008 | Market Strategy

East African currencies are suffering amid worsening global financial market turmoil and risk aversion, with the Kenyan, Tanzanian and Ugandan shillings all seeing losses in recent trading sessions. We believe the current trend for downside will remain in place at least until the end of 2008.

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