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

Economy / Kenya

Bearish Shilling; Equities Show Upside Potential

January 2010 | Market Strategy

BMI View: The Kenyan shilling looks set to extend its losses over the short term, propelled by the strengthening US dollar and broad-based risk aversion. Meanwhile, the Kenyan equity market has traced out an 'inverse head and shoulders' technical pattern, auguring for gains over the medium term.

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