Kenyan shilling steady, seen range-bound

NAIROBI: Kenya's shilling was steady on Wednesday and traders said it was expected to stay in a tight band until all market players fully resume trade in the next week.

At 0703 GMT, commercial banks quoted the shilling at 102.20/30 to the dollar, compared with Tuesday's close of 102.25/35.

"There's nothing going on. There's quite a number of players still out until next week. Let's wait and see. Still early to call," a senior trader at one commercial bank said.

A second trader said the trend was expected to continue until the end of the week. Traders said the shilling was expected to trade in the 102.00 to 103.00 range against the dollar in the next few days.