NAIROBI, May 12 (Reuters) - The Kenyan shilling slid against the dollar on Friday, as manufacturers and oil
importers sought limited foreign currency, traders said.
At 0918 GMT, commercial banks quoted the shilling at
136.90/137.10 per dollar, compared with 136.75/95 at the close
of Thursday's session.
The shilling has lost about 10% against the greenback since
the start of the year, hitting a new all-time low on Friday,
Refinitiv Eikon data showed.
"We've seen some demand to pick dollars and not seen
matching inflows," said one trader at a commercial bank. "The
market fundamentals point to a weaker shilling."
(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.