luiseMugo

kenyan shilling usd bearish bais

Short
FX_IDC:USDKES   U.S. DOLLAR / KENYAN SHILLING
the kenyan shilling should be gaining against the usd due to factors like reduce in the monthly demand for dollars to purchase petroleum products , kenya has entered a deal with aramco to source the products using kenyan shillings , when initially we had to consolidate 500millon dollars per month for the importation of the same , on friday the deputy presint of kenya H.E RIGGY G was at the port of mombasa to personaly / offically receive the maiden consignment of two ships from saudia arabia , the ripple effect of this ,move will see the demand forthe usd decrease and also the recovery of the shilling form bearish to bullish and consequently weaken of the dollar ..

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