July 29 – August 5, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The shilling was in a risk off trade as foreign institutional investors continued to reduce their exposure to riskier assets. The currency tested the 3900 level and later retreated to trade at 3875/ 85, tracking a similar trend of almost all frontier market currencies with exception of the Kenya shilling that traded flat as the market slowed down ahead of the national elections. The shilling has l