Views Article – Sharenet Wealth

Africa, Forex

Kenya’s shilling expected to weaken due to oil companies’ dollar demand

NAIROBI – The Kenyan shilling traded largely unchanged on Wednesday, and traders said they expected it to weaken due to dollar demand, especially from oil companies.

At 0756 GMT, commercial banks quoted the shilling at 107.85/108.05 to the dollar, from 107.80/108.00 at Tuesday’s close.

………………………Shilling spot rates

…………………Shilling forward rates

…………………..Cross rates

…………………………….Local contributors

…………………..Central Bank of Kenya Index

…………………Kenyan Bonds contributor pages

……………Treasury bill yields

………………Central bank open market operations

…………………….Horizontal repo transactions

,…………….Daily interbank lending rate

………………………..Kenya Bond pricing

……………………………NSE-20 Share Index

……………………………NSE-25 Share Index

……………………………NSE All Share Index

………………………FT NSE Kenya 15 Index

…………………….. FT NSE Kenya 25 Index

SPEED GUIDES:

(Reporting by Giulia Paravicini;Editing by George Obulutsa)

A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi

© 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.