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The Nairobian

Shilling weakens against the dollar

Money & Careers

By Reuters | Apr 18, 2019

NAIROBI, KENYA: Kenyan shilling weakened against the dollar on Thursday due to demand from the energy and manufacturing sector amid surplus money market liquidity, traders said.

Commercial banks quoted the shilling at 101.30/50 per dollar, compared with 101.20/40 at Wednesday's close.

A day earlier on Wednesday, the Kenyan shilling was seen under pressure against the dollar on Wednesday due to surplus liquidity in the local money markets and dollar demand from merchandise importers, traders said.

The commercial banks quoted the shilling at 101.15/35 per dollar, compared with 101.10/30 at Tuesday's close.