The Kenyan shilling is stable, attributed to low dollar demand from importers. As of 0802 GMT, it was quoted at 129.25/129.45, unchanged from the previous day.

The Kenyan shilling (USDKES) maintained stability on Thursday, showing no significant change from the previous session. This stability is attributed to a low demand for dollars among importers, which has influenced trading behavior. At 0802 GMT, commercial banks reported a quotation for the shilling at 129.25/129.45, consistent with the closing figures from Wednesday.

In summary, the Kenyan shilling remains stable primarily due to reduced demand for dollars from importers. The consistent trading range indicates a temporary equilibrium in the currency market, suggesting potential resilience against fluctuations in external demand.

Original Source: www.tradingview.com