NAIROBI, Feb 8 (Reuters) - Kenya's shilling weakened to hit a fresh all-time low on Wednesday due to a
general increase in demand for dollars especially from oil
retailing companies, before recouping its losses, traders said.
At 0847 GMT, commercial banks quoted the shilling at
124.80/125.00, the same as Tuesday's close.
Earlier in the session, the shilling touched a new record
low of 125.00/20, according to Refinitiv data.
Technical analysis of its 14-day and 50-day simple moving
averages shows the shilling is expected to keep weakening in the
near term. ...........................Shilling spot rates .....................Shilling forward rates .......................Cross rates ..................................Local contributors .......................Central Bank of Kenya Index .....................Kenyan Bonds contributor pages ...............Treasury bill yields ..................Central bank open market operations .........................Horizontal repo transactions , ................Daily interbank lending rate .............................Kenya Bond pricing .................................NSE-20 Share Index .................................NSE-25 Share Index .................................NSE All Share Index ...........................FT NSE Kenya 15 Index .......................... FT NSE Kenya 25 Index
SPEED GUIDES: (Reporting by George Obulutsa; Editing by Anait Miridzhanian)
george.obulutsa.thomsonreuters.com@reuters.net))
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