Kenya Central Bank Governor Patrick Njoroge displays the newly designed Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi
Kenyan shilling under pressure against the dollar
Thu, 11 Jul, 2019 - 11:06
NAIROBI (Reuters) – The Kenyan shilling weakened against the dollar on Thursday, driven by excess liquidity in the local money market amid increased dollar demand from oil and merchandise importers, traders said.
At 0644 GMT, commercial banks quoted the shilling at 102.85/103.05 per dollar, compared with 102.75/95 at Wednesday’s close.
(Reporting by John Ndiso)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.