The Kenyan shilling remains stable as low dollar demand from importers supports its steadiness. Commercial banks quoted it at 129.25/129.45, consistent with the previous day.
On Thursday, the Kenyan shilling (USDKES) maintained its stability compared to previous trading sessions. Traders reported that this steadiness is attributed to low demand for dollars from importers. At 0802 GMT, commercial banks quoted the shilling at a rate of 129.25/129.45, reflecting no change from Wednesday’s closing figures.
In summary, the Kenyan shilling remains stable due to a reduction in dollar demand from importers. The exchange rate has not fluctuated since the previous day, indicating consistent market conditions for the currency.
Original Source: www.tradingview.com
