NAIROBI: 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.
Kenyan shilling broadly steady in balanced market
“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.
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