The Kenyan shilling remains stable due to low demand for dollars from importers, with quotes at 129.25/129.45.
The Kenyan shilling, denoted as USDKES, demonstrated stability during the most recent trading session, primarily due to a diminished demand for U.S. dollars among importers. According to traders, the currency remained unchanged on Thursday when compared to the previous day. At 0802 GMT, commercial banks reported quotes for the shilling at 129.25/129.45, maintaining the same level as the close on Wednesday.
In summary, the Kenyan shilling’s resilience against the U.S. dollar can be attributed to low demand from importers, resulting in unchanged trading levels. The consistency in the exchange rate reflects the current market dynamics.
Original Source: www.tradingview.com
