Kenya's currency shows volatility after central bank intervention; gains and dips against the American Dollar
In recent trading sessions, the Kenyan Shilling experienced fluctuations against the US Dollar, with the central bank stepping in to buy dollars to curb volatility. Despite this intervention, the Shilling has significantly appreciated against the Dollar, driven by inflows from global sources. Meanwhile, the Dollar's performance is tied to US consumer behavior, particularly Retail Sales data that can influence its direction. On the global front, the US Dollar also showed movements against other currencies like the Taiwan Dollar and the Japanese Yen.
Kenya's shilling gave up some of its gains in afternoon trading on Thursday, after traders said the central bank bought dollars to curb volatility as the ...
NAIROBI, Kenya, Feb 15 - The Kenyan shilling has significantly strengthened against the American dollar amid an inflow of greenback from global lenders as ...
The Dollar direction today will be determined by the US consumer. Economists at ING analyze Greenback's outlook ahead of January Retail Sales data.
Taipei, Feb. 15 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.067 to close at NT$31.425.
US Dollar tests for support with risk appetite returning · The US Dollar trades near pivotal levels on Thursday. · Markets are easing back earlier rate cuts and ...
Central Bank of Kenya (CBK) bought dollars on the foreign exchange market on Thursday to curb.
On top of that, foreign investors are snapping up the local currency to pay for 241 billion shillings ($1.6 billion) of local infrastructure debt sold on ...
The dollar held steady on Thursday as investors waited for data on U.S. retail sales and jobless claims, while the yen climbed despite the Japanese economy ...
THE US dollar held steady on Thursday (Feb 15) as investors waited for data on US retail sales and jobless claims, while the yen climbed despite the ...
After the US CPI data on Tuesday, the dollar ran hot and was strongly bid across the board as both stocks and bonds fell. But since then, there was no real ...
The pound fell slightly on Thursday after data showed the British economy fell into a recession at the end of 2023, causing investors to increase their bets ...
The dollar extended losses against a basket of currencies on Thursday after data showed U.S. retail sales dropped more than expected last month, ...
THE greenback held steady on Thursday (Feb 15) as investors waited for data on US retail sales and jobless claims, while the yen climbed despite the ...
The US Dollar is being impacted by a drop in Jan retail sales; labor strength vs spending decline and inflation are influencing Fed's rate cut plans.
As of Thursday, the Kenyan Shilling is being exchanged at 153.20 per US dollar, according to CBK.
What will happen if Donald Trump is re-elected US President in November? Economists at Commerzbank analyze how the US Dollar (USD) could perform under a ...
Analysts at investment bank Citi have predicted a 5% jump in the dollar and a selloff in bond markets if a Donald Trump-led Republican Party clean sweeps ...
Some commercial banks sold the shilling for as low as Sh139 for the US dollar on Thursday morning, compared to Wednesday's average of Sh153.75, ...
The continuous rally of the Kenya shilling over the last week has signalled a significant tide turn for the currency which was expected to shed more value ...
Taipei, Feb. 16 (CNA) The U.S. dollar was traded at NT$31.340 at 10:00 a.m. Friday on the Taipei Foreign Exchange, down NT$0.085 from the previous close.
The dollar fell for a second straight session on Thursday after a mixed, but overall solid batch of U.S. economic data, which is unlikely to stop the ...
The dollar fell for a second straight session on Thursday after a mixed batch of data showed that the U.S. economy remained on solid footing, ...
The dollar was steady as investors take stock of economic data and expectations of the Fed cutting rates in June, while the yen traded at150 per dollar ...
Governor Christopher J. Waller. At "Climate, Currency, and Central Banking," a conference sponsored by the Global Interdependence Center and the University ...
The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, ...
Federal Reserve Governor Christopher Waller on Thursday laid out the case for the world's continued reliance on the U.S. dollar and the currency's dominance ...
Dollar inflows were also boosted by foreign portfolio investors who were participating in the February infrastructure bond, whose auction closed on Wednesday ...
The Kenya Bankers Association has predicted fluctuations in the dollar-shilling exchange rate after the greenback fell to Ksh145.8 on Thursday.
The dollar firmed on Friday, on track for its fifth straight weekly gain, as investors assessed the latest economic data and firm expectations of the ...
The dollar firmed on Friday after two days of declines but was still on track for its fifth straight weekly gain as investors scaled back expectations for ...
The Kenya Bankers Association (KBA) has commended the recent development where the Kenyan shilling is rallying against the US dollar.
Here is what you need to know on Friday, February 16: The US Dollar (USD) extended its downward correction following mixed data releases on Thursday, ...
Taipei, Feb. 16 (CNA) The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.061 to close at NT$31.364.
The US Dollar (USD) is telling two stories this week with, on the one hand, the recent uptick in inflation had hit a nerve in markets with a firm risk-off ...
(Adds comments, background). By Stefano Rebaudo and Ankur Banerjee. Feb 16 (Reuters) - The dollar firmed on Friday after two days of declines and was still ...
U.S. Treasury yields jumped and the U.S. dollar edged up while global stock indexes were mixed to near flat on Friday after data showed U.S. producer prices ...
(Recasts, adds comments throughout). By Stefano Rebaudo and Ankur Banerjee. SINGAPORE, Feb 16 (Reuters) - The dollar firmed on Friday after two days of ...