There were big gains again with the Eur/Usd pair, with th help from Weber saying Eur strength is in line with fundamentals, but an early run at 1.4825 barrier came up just short and prices never got back the price to retest the level. The 1.5000 level remains the primary upside target for the Eur/Usd pair.
Cable rallied from the European open as the Usd was sold across the board. Buy stops tripped above 1.6305 encouraging the market towards initial 1.6352 highs. From there until about the NYSE open the market
ranged just under that level finally breaking above 1.6400 level.Currently the Gbp/Usd pair is trading at 1.6405.
The Kenya shilling traded stronger in early morning trade to touch a high of 74.05-74.25. The shilling is expected to remain bullish upto the end of the Kengen bond that has brought in interest from international investors who have brought in foriegn currency to purchase the bond.