The Kenyan shilling has remained stable against the US dollar due to low dollar demand from importers, with commercial banks quoting the exchange rate at 129.25/129.45, unchanged from the previous day.
The Kenyan shilling has demonstrated stability due to diminished demand for the US dollar from importers. On Thursday, the USDKES exchange rate maintained its position as reported by traders. At 0802 GMT, commercial banks reported the shilling traded at 129.25/129.45, reflecting no change from the closing rate on Wednesday.
In summary, the Kenyan shilling remains stable in the face of low demand for the US dollar, with the exchange rate holding steady. This stability is significant for the local economy and signals a consistent financial environment for traders.
Original Source: www.tradingview.com
