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FX Daily Updates
Kenyan shilling weakens due to increased FX demand from manufacturers
georgemiller
Publish Date: Thu, 28 Nov 2024, 08:07 AM

NAIROBI, Nov 28 (Reuters) - The Kenyan shilling weakened slightly on Thursday, with traders attributing the depreciation to rising demand for the dollar from manufacturers and oil retailing companies.
The shilling traded at 129.65/129.85 at 0748 GMT, compared to Wednesday's closing rate of 129.00/130.00.
"Demand is still surpassing supply. That's partly attributed to the end-of-month demand that we normally see," a trader at one commercial bank said.
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https://www.reuters.com/markets/currencies/kenyan-shilling-weakens-due-increased-fx-demand-manufacturers-2024-11-28/