The Kenyan shilling remained stable on Thursday due to low dollar demand from importers, holding at 129.25/129.45, the same as the previous day’s close.
The Kenyan shilling maintained a stable position on Thursday, paralleling its performance in the previous session. Market analysts attribute this stability to the subdued demand for dollars among importers. At 08:02 GMT, commercial banks listed the shilling at a rate of 129.25/129.45, which reflects consistency compared to Wednesday’s closing figures.
In conclusion, the Kenyan shilling’s stability is largely due to low demand for US dollars from importers, indicating a calm economic climate in the currency market. The steady exchange rates observed suggest that the balance between supply and demand remains favorable for the shilling at this time.
Original Source: www.marketscreener.com
