NAIROBI, March 7 (Reuters) - Kenya's shilling was
steady on Tuesday, but traders said it was expected to weaken
during the session, undermined by increased demand for dollars
from the energy and manufacturing sectors, traders said.
At 0709 GMT, commercial banks quoted the shilling at
127.95/128.15 per dollar, compared with 127.90/128.10 at the
close of trading on Monday.
The shilling touched a new all-time low of 128.40/60 soon
after the start of Tuesday's session, before it pared the
losses, Refinitiv data showed.
(Reporting by George Obulutsa; Editing by Duncan Miriri)
george.obulutsa.thomsonreuters.com@reuters.net))
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.