Daily Market Update
MARKET UPDATE FOR 6th October 2025
LOCAL MARKET
USD/KES
The Kenya shilling was stable against the dollar on Friday, market data showed.
Expected range today is 127.00 -132.00
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 127.00 | 132.00 | ||
| GBP | 1.3291 | 1.3699 | 168.80 | 180.83 |
| EUR | 1.1568 | 1.1870 | 146.91 | 156.68 |
| JPY | 148.83 | 151.84 | 0.8364 | 0.8869 |
| ZAR | 15.761 | 18.764 | 6.77 | 8.38 |
| CHF | 0.7909 | 0.8011 | 158.53 | 166.90 |
| CAD | 1.3604 | 1.4005 | 90.68 | 94.94 |
| KES/UGX | 3397 | 3507 | 25.73 | 27.61 |
| KES/TZS | 2380 | 2530 | 18.03 | 19.92 |
MONEY MARKET
CBK analysis on Friday showed a square market. The regulator was out of the market in order to remain within the monetary policy path set by the MPC.
| LOCAL MONEY MARKET | |||
| TREASURY BILLS AND BONDS (MIO KES) | |||
| Tenor | 91-day | 182-day | 364-day |
| Amount Offered | 4,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 1,614.14 | 6,134.86 | 7,384.98 |
| Amount Accepted | 1,608.77 | 6,130.71 | 7,376.42 |
| Current Rate | 7.9239% | 7.9849% | 9.5406% |
| Previous Rate | 7.9143% | 7.9851% | 9.5330% |
GLOBAL MARKETS
Japanese stocks led gains across Asian markets on Monday, with the Nikkei skyrocketing to record highs after fiscal dove Sanae Takichi’s weekend election win fueled bets on more fiscal spending and stimulus from the government.
The EUR/USD retraces its recent gains registered in the previous session, trading around 1.1720 during the Asian hours on Monday. The downside of the pair could be limited as the US Dollar (USD) may struggle amid the rising likelihood of the US Federal Reserve (Fed) rate cuts in the upcoming meetings. The CME FedWatch Tool suggests that markets are now pricing in a 95% chance of a Fed rate cut in October and an 84% possibility of another reduction in December.
The GBP/USD pair struggles to capitalize on Friday’s strong move up and opens with a bearish gap at the start of a new week amid a broadly firmer US Dollar (USD). Spot prices, however, lack follow-through selling and seem to have stabilized below mid-1.3400s, still down over 0.30% for the day. Traders now look forward to the release of the UK Construction PMI for a fresh impetus. The focus, however, will remain glued to the BoE Governor Andrew Bailey’s speech later during the North American session.
Source: Reuters
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.6% | ||
| KES CBR | 9.50% | ||
| GBP BOE RATE | 4.00% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 4.25% | ||
| SOFR O/N RATE | 4.16%, 1.926%, 3.9669% | ||
| BRENT OIL ($/BARREL) | 65.43 | ||
| MURBAN CRUDE ($/BARREL) | 61.75 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Milton Onyuna, Martin Githinji, Calvince Amallah, Elizabeth Kiarie, Dennis Ingolo and Oliver Kilonzo.
Telephone Contacts: 020 3275 XXX; EXT.244/558/526/221/245/378
Mobile Lines: 0703 058 XXX; EXT.244/558/526/221/245/378
Email: dealing@boakenya.com
Disclaimer
Whilst every care has been taken in compiling this market update, the Bank will not be responsible for any and shall be exempt from all liabilities in respect of any loss of any kind whatsoever, incurred by any persons as a consequence of relying on the above information or otherwise.