USD/KES Price & Performance (USDKES)

Oil markets saw gains this week as fresh U.S. sanctions on Iran coupled with an OPEC+ plan to reduce output for seven members raised expectations of tighter supply. This marks the second consecutive week of price increases, driven by geopolitical tensions and strategic production adjustments.123

Kenya's currency has shown stability in recent sessions, bolstered by limited dollar demand from importers and consistent inflows from the diaspora. Traders remain optimistic about continued support for the shilling as economic indicators point to steady performance.123

The M23 rebel group in the Democratic Republic of Congo continues to advance, capturing key territories despite calls for a ceasefire by regional leaders. The conflict has escalated, raising concerns over stability in the eastern region and straining relations between Congo and Rwanda.123