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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe three currencies, the American dollar, the euro and the Kenyan shilling, experienced a disparate evolution this weekend.
The U.S. dollar strengthened overall on Friday, with the euro moving even further away from a five-month peak as markets grapple with escalating global trade tensions and the risks of an abrupt economic downturn. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.1% to 103.95 after two consecutive days of
gains.The euro fell slightly to 1.0847 dollars after falling further from its five-month peak on Tuesday the previous day, as the trade dispute between the EU and the United States shook markets and Germany struggled to pass a massive spending proposal. The weakening of the euro allowed the greenback to move further away from Tuesday's low of 103.21, its lowest level since mid-October, even though concerns remain about the outlook for the American and global economy
in general.The Kenyan shilling remained broadly stable in early trading on Friday, according to data from the London Stock Exchange Group (LSEG).
At 08:37 GMT, commercial banks quoted the shilling at 129.25/129.75, up from 129.25/129.65 at the close on Thursday.
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