The Kenyan shilling remained stable on Thursday, trading at 129.25/129.45 against the US dollar. Low demand from importers contributed to this steadiness, keeping the currency at the same level as the previous day.
On Thursday, the Kenyan shilling showed stability against the US dollar, mainly due to weak demand from importers. As reported by traders, the exchange rate remained unchanged from the previous session. Commercial banks quoted the Kenyan shilling at 129.25 buy and 129.45 sell at 0802 GMT, reflecting the same values as Wednesday’s closing rates.
The Kenyan shilling’s steady performance is attributed to the low demand from importers for US dollars. This stability could indicate a controlled market environment as traders manage currency fluctuations effectively.
Original Source: www.marketscreener.com
