Kenyan shilling wanes as fx inflows don't match demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, Feb 17 (Reuters) - The Kenyan shilling waned against the dollar on Friday, as foreign-currency demand across all sectors outpaced inflows. At 0932 GMT, commercial banks quoted the shilling at 125.80/126.00 per U.S. dollar, compared to 125.70/90 at the close of trading on Thursday. Refinitiv data showed the shilling touched a new record low on Friday, having lost around 2% against the dollar since the start of the year. "We're seeing a bit of demand from all sectors. Supply is very muted," said a currency trader at a commercial bank. ...........................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 Hereward Holland Editing by Alexander Winning)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.