Tag: #US DOLLAR

Thursday, February 16, 2023 –In the latest market reports, the Kenyan economy seems to be on downward trend as its shilling goes on losing value against the world’s US dollar.

This is happening as the United States US Federal Reserve continues to raise its rates by 0.25 percent to hit 4.75 percent while the Kenyan Central Bank CBK maintains rates at 8.75 percent.

[caption id="attachment_24788" align="alignnone" width="879"] Kenyan sh 1000 notes[/caption]

FXPesa lead analyst Rufas Kamau explained