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Exchange rate: the dollar is rising, the shilling remains stable

12/05/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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At the start of the week, American, Australian and New Zealand dollars are increasing. The Kenyan shilling remained stable

.

The dollar rose early in the Asian session on Monday after weekend discussions between the United States and China allayed fears of a trade war between the world's two largest economies, while global hot spots seemed to subside. The greenback, Treasuries, and stocks have been hit hard since massive tariffs announced by US President Donald Trump last month shook confidence in American assets

.

Australian and New Zealand dollars rose slightly on Monday as signs of movement in the trade standoff between the United States and China supported the sense of risk globally, even as investors waited for more details before getting excited.

The Kenyan shilling held steady in early trading on Monday as market activity was moderate, traders said. At 07:05 GMT, commercial banks quoted the shilling at 129.00/50, unchanged

from Friday's closing rate.
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