Kenyan shilling weaker on dollar demand from energy importers

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))

Reuters

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.

off-the-wire

Kenyan shilling weaker on dollar demand from energy importers

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout