Market News
Kenyan shilling stable and seen staying that way, traders say - REUTERS
BY Hereward Holland
NAIROBI, Sept 12 (Reuters) – The Kenyan shilling was flat on Thursday despite a slight pickup in foreign-currency demand, and traders said it was expected to remain in a tight range.
As of 0857 GMT, LSEG data showed the shilling at 128.50/129.50 to the dollar, the same as Wednesday’s closing level.
“We’re seeing some increased (dollar) demand from oils and corporates, but generally we’re stuck within a range. … It’s likely to stay that way for the next few days,” one trader said.
(Reporting by Hereward Holland; Editing by Alexander Winning)
