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FX Daily Updates
Kenyan shilling stable; traders see it gaining on remittance and NGO flows
georgemiller
Publish Date: Mon, 03 Feb 2025, 07:43 AM

NAIROBI, Feb 3 (Reuters) - Kenya's shilling was stable on Monday, but traders said they expected it firm because of dollar inflows from non-governmental organisations, remittances and foreign investors buying government bonds on sale this month.
At 0658 GMT, the shilling traded at 129.00/129.40 per dollar, unchanged from Friday's closing rate.
The government is selling two infrastructure bonds aimed at raising up to 70 billion shillings ($543 million) this month, with an auction due on Feb. 12.
($1 = 129.0000 Kenyan shillings)
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https://www.reuters.com/markets/currencies/kenyan-shilling-stable-traders-see-it-gaining-remittance-ngo-flows-2025-02-03/