Kenya shilling holds steady in Friday trade

Nairobi – Kenya’s shilling held steady yesterday, and traders said it was expected to ease in the days ahead due to demand from sectors like manufacturing, while inflows from horticulture were expected to give it support.

Nairobi – Kenya’s shilling held steady yesterday, and traders said it was expected to ease in the days ahead due to demand from sectors like manufacturing, while inflows from horticulture were expected to give it support. Commercial banks quoted the shilling at 100.90/101.10 to the dollar in early morning trade yesterday, compared with Thursday’s close of 100.85/101.05.

Meanwhile, South Africa’s rand firmed slightly against the dollar early yesterday in volatile trade as investors awaited Moody’s sovereign credit rating announcement that was due later yesterday.

Agencies.

 

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