Kenya’s shilling eased against the dollar on Thursday but stayed within its recent range that traders expect to hold for longer.
The shilling closed at 76.70/80 against the dollar compared with Wednesday’s close of 76.60/70.
“In the days ahead
holding other factors constant, we expect the local unit to trade in
the range of between 76.50/77.00 with the CBK buying interest acting as
a barrier for more aggressive rises,” Bank of Africa said in a market
report.
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