Kenyan shilling stable, expected to ease due to energy sector demand

(Fixes editing credit)

NAIROBI (Reuters) -Kenya’s shilling was stable on Wednesday, and it was forecast to lose ground due to increased demand for dollars from the energy and manufacturing sectors, traders said.

At 0859 GMT, commercial banks quoted the shilling at 119.95/120.15 per dollar, compared with Tuesday’s close of 119.90/120.10.

On Wednesday, the shilling touched a new all-time low of 120.05/25, according to Refinitiv data.

Technical analysis of its 14-day and 50-day weighted moving averages shows it is expected to keep weakening in the near term.

………………………Shilling spot rates

…………………Shilling forward rates

…………………..Cross rates

…………………………….Local contributors

…………………..Central Bank of Kenya Index

…………………Kenyan Bonds contributor pages

……………Treasury bill yields

………………Central bank open market operations

…………………….Horizontal repo transactions

,…………….Daily interbank lending rate

………………………..Kenya Bond pricing

……………………………NSE-20 Share Index

……………………………NSE-25 Share Index

……………………………NSE All Share Index

………………………FT NSE Kenya 15 Index

…………………….. FT NSE Kenya 25 Index

SPEED GUIDES:

(Reporting by George Obulutsa; Editing by Duncan Miriri)

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