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quoting note1dr2…4cqu

Kenyan Shilling Shows Resilience Against US Dollar After Recent Volatility
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#e2c34d3a ver:0.23

Despite recent volatility, the Kenyan shilling has shown resilience against the US dollar, maintaining a positive trend in May. The shilling made significant gains in the forex market, but market speculators believe these gains may be temporary. The exchange rate fluctuations have had mixed effects on different sectors, impacting importers, manufacturers, and individuals earning in US dollars. The volatility could also affect fuel and food prices, potentially leading to increased inflation. The appreciation of the shilling is expected to reduce import costs but could dent Kenya's exports. Monitoring the exchange rate and its impact on the economy is crucial. #KenyanShilling #ExchangeRate #Volatility #Resilience #Economy...

#newstr #KenyanShilling #UsDollar #ForexMarket #CurrencyExchange #Economy

https://here.news/story/e2c34d3a?ver=0.23