Kenyan Shilling Outperforms US Dollar Amid Global Currency Shifts
The Kenyan shilling briefly surpassed the US dollar in Tuesday’s trading session, reaching 128.80/129.40 against Monday’s close of 129.00/50. This marks the second time in three sessions that the local currency has gained ground on the greenback.
Global currency markets continue to reflect shifting dynamics as trade tensions and tariff policies reshape flows. The DXY dollar index recently retreated to 101.5 after climbing from 99 earlier this month, creating openings for emerging market currencies to advance.