off-the-wire

Kenyan shilling weaker on dollar demand from energy importers

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 17 (Reuters) - The Kenyan shilling weakened slightly on Monday on demand for dollars from energy importers and foreign-owned firms looking to pay dividends to overseas shareholders, traders said.


At 0719 GMT commercial banks quoted the shilling at 134.60/80 to the U.S. dollar, weaker than Friday's close of 134.50/70. The Kenyan shilling is 8.4% weaker against the dollar year-to-date, according to Refinitiv data.



(Reporting by Elias Biryabarema; editing by Alexander Winning)

1232; Reuters Messaging: elias.biryabarema.thomsonreuters.com@reuters.net))
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