Kenya's shilling is expected to hold steady in the next week, as the market digests contents of the East African economy's 2021/22 fiscal budget, such as new tax measures.
The naira could ease on the spot market after the central bank, in its first hard currency sale to foreign investors this year, quoted it at a low of 435.81 for the five-month forward contract, traders said.
The unit slid to a record intra-day low of 436.81 against the dollar, following the central bank sale earlier in the week.