Kenya shilling steady against the dollar
13 December 2011, 13:36
The Kenyan shilling was steady against the dollar on Tuesday, as
some investors squared off their greenback positions to consolidate
gains made in the year, while others were tracking the weakening euro,
Markets were closed on Monday for the country's independence day. The shilling has lost 9.6 percent to the dollar this year,
but is off its all-time low of 107 hit in October due to a tight monetary stance in the country.
At 0730 GMT, commercial banks quoted the shilling at 89.40/60 to the dollar, barely moved from Friday's close of 89.30/50.
For more visit Business Daily
Get the latest news by following us on Twitter