NAIROBI: The Kenyan shilling weakened 0.2 percent in early trading on Monday as corporate clients bought dollars ahead of the New Year holiday, traders said.
The shilling fell to 86.20/30 from Friday's close of 86.00/10 on thin volumes.
"We're seeing some last minute corporate demand and there are no dollar inflows. It's a very thin market," said Andlip Nazir, senior trader at I&M Bank.
Nazir said the weakening trend would continue into the first week of January with more corporate clients including importers seen in need of the US currency.
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