October 9 – October 16, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency hit pockets of volatility in early trade but price action became less intense towards the end of week as demand subsided. Mid-month tax payments did little to support the unit. Trading was in the areas of 3700/3710.In the fixed income space, trading was limited to the secondary market as there was no schedule primary market auction.The regional markets saw the Kenya shilling mai