Wednesday during early deals, the Kenyan shilling rose to a 5-day high of 76.25 against the dollar after a report showed that Kenya's consumer price inflation slowed in June.

The Kenya National Bureau of Statistics announced that the consumer price index or CPI rose 17.8% year-over-year in June, slower than the 19.5% growth in the previous month.

The underlying inflation rate which excludes food prices, increased to 9.9% in June from 7% in May.

If the Kenyan currency advances further, it may likely target the 75.90 level. At yesterday's close, the dollar-shilling pair was worth 76.45.

US Dollar vs KES (FX:USDKES)
Forex Chart
From Jun 2024 to Jul 2024 Click Here for more US Dollar vs KES Charts.
US Dollar vs KES (FX:USDKES)
Forex Chart
From Jul 2023 to Jul 2024 Click Here for more US Dollar vs KES Charts.