The shilling maintained a bullish stance trading below the new improved support of 3700. The unit recovered its losses ending the downtrend seen in the last couple of months. Market activity was thin, keeping the shilling in the range of 3685/95. In the regional markets, the Kenya shilling slid to a fresh new low, as oil importers were in market to close orders ahead of the holidays. KES was quoted at 122.80. In the fixed income markets, yields at the short end of the market remained relatively flat as Bank of Uganda (BOU) was at it again managing rates. With…
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