FX markets watched the ECB closely, taking in comments by the ECB President Christine Lagarde before making a further call on the outlook for the dollar. It is also instructive to note that the cash price of copper over its 3m equivalent has widened ...

The FX markets have seen a strong rotation to the traditional safe haven currencies over the past 24 hours as the market focuses squarely on the risks associated with the rising Delta COVID-19 variant cases across the globe. Note that Kenya’s public ...

In recent weeks, the macroeconomic backdrop has shifted significantly, with concerns arising over the sustainability of the global economic recovery. How much further the index can rise remains to be seen with the balance of risks to the economic out...

Hopes for Chinese stimulus following a disappointing GDP figure from the world’s second largest economy continued to filter through the base metal markets yesterday. The June year on year print came in at 8.2% y/y from 6.2% y/y in May, while the mont...

Gold remains steadfast in its climb higher, albeit in small increments at the moment. Recall recent data from the Central Bank of Kenya (CBK) showed that the current account deficit widened to 5.5% of GDP in the 12 months to May from 5.2% of GDP in t...

The global economy is entering the fastest stage of the 2021 recovery. While this has set the stage for a substantially stronger rebound in the third quarter, the outbreak of the more transmissible COVID-19 Delta variant threatens to derail efforts t...