Kenyan shilling treads water against the dollar
NAIROBI (Reuters) - The Kenyan shilling held steady against the dollar on Monday as importers remained on the sidelines. At 0805 GMT, leading commercial banks posted the shilling at 89.10/20, unchanged from Friday's close. The shilling, which is 2.8 percent down against the U.S. currency this year, has been under pressure due to a dearth of dollars as tourism, a key source of foreign exchange, dwindled in the wake of frequent attacks by Islamists. Traders said the supply of dollars was still low but the currency was unlikely to tumble beyond the 89.50 level since the central bank intervened last month when it fell to that level, pumping in dollars to shore up the shilling. "The supply side still looks a bit weak but we don't expect any major movements," said Duncan Kinuthia, head of trading at Commercial Bank of Africa. ...........................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 ..................Real time Africa economic data ...........................African economic news .................................NSE-20 Share Index .................................NSE All Share Index ...........................FT NSE Kenya 15 Index .......................... FT NSE Kenya 25 Index SPEED GUIDES:
