Kenyan shilling firms vs dollar, stocks ease
The Kenyan shilling
firmed against the dollar on Thursday, backed by inflows from the tea
sector and a weaker U.S. currency on the world markets, while the
Nairobi Stock Exchange’s main share index edged lower.
At the market’s
close at 1300 GMT, commercial banks quoted the shilling at 80.50/60 to
the dollar, compared with Wednesday’s close of 80.60/70. The shilling
traded at the slightly stronger level for most of Thursday, traders
said.
Traders said the shilling got a lift from dollar selling by the farm sector late on Wednesday.
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