10th – 17th July 2020 Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency traded marginally stronger, pulling away from the key technical level of 3700, with both counters trading below that level as supply conditions improved, against subdued demand. Bid and ask quotes were at 3685/95. With the prevailing minimal volatility, markets were anticipating the Central Bank presence in the market on the buy side for reserve rebuilding. In fixed income se