Kenyan shilling little changed in quiet session

NAIROBI: Kenya’s shilling was little changed against the US dollar on Tuesday in a quiet session, traders said. At...
20 Aug, 2024

NAIROBI: Kenya’s shilling was little changed against the US dollar on Tuesday in a quiet session, traders said.

At 0942 GMT, commercial banks quoted the shilling at 128.25/129.25 to the dollar, near the level it closed on Monday.

“People are clearing their month-end requirements but there’s nothing of significance to affect the market.

Kenyan shilling stable but traders see FX demand picking up

We’ve not seen the central bank active. I think we’ll stay in this range for the time being,“ one trader said.

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