NAIROBI: Kenya's shilling was steady on Monday but traders said it was expected to come under renewed pressure in coming days.
At 0734 GMT, the shilling was quoted at 91.10/20 to the dollar, compared with Friday's close of 91.05/25.
"No changes so far today, but I think the general trend is for a weaker shilling. It's just pure demand and supply for now," a senior trader at one commercial bank said.
Traders said they forecast the shilling, which has lost 0.6 percent this month, to trade in the 91.00 to 91.50 range versus the dollar in the days ahead.
John Muli, trader at African Banking Corporation, said there were some dollar inflows from non-governmental organisations and exporters but this was being matched by demand from importers.
The shilling weakened steadily last year in part due to a downturn in tourism following a series of Islamist militant attacks in the country. Tourists are a major source of dollars and other hard currencies for the east African nation.
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