Kenya: Shilling Steady Versus Dollar in Thin Trade

20 December 2012

THE shilling was steady against the dollar early yesterday as trading activity thinned ahead of the holidays, and was expected to remain subdued in coming sessions.

At 0728 GMT, commercial banks quoted the shilling at 86.00/20 per dollar, a level it has held at for the past two sessions. "There a bit of slowdown in activity as corporates close for the holidays," said Duncan Kinuthia, head of trading at Commercial Bank of Africa.

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