Kenyan shilling seen weaker as stock market investors book gains NAIROBI (Reuters) - The Kenyan shilling was steady early on Wednesday, supported by tea exporters selling dollars, but traders expect it to come under pressure from foreign investors exiting the stock market. At 0727 GMT, commercial banks quoted the shilling at 85.00/20 per dollar, barely changed from Tuesday's close of 84/95/85.15. "Tea dollar are trickling into the market and this has provided ...
June 12, 2013 - Reuters via Yahoo! News
Ugandan shilling holds steady, national budget eyed KAMPALA (Reuters) - The Ugandan shilling was stable on Wednesday before the 2013/14 (July-June) national budget is officially unveiled on Thursday. At 1023 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,585/2,595 versus the dollar, unchanged from Tuesday's close. "We expect the shilling to remain firm ahead of the budget reading on Thursday. But the market ...
June 12, 2013 - Reuters via Yahoo! News
Kenyan shilling slips as oil importers buy dollars NAIROBI (Reuters) - The Kenyan shilling weakened on Tuesday on the back of oil importers buying dollars to pay for their supplies, but traders said the local currency could recover on tea exporters' inflows. At 0721 GMT, commercial banks quoted the shilling at 85.00/20 per dollar, weaker than Monday's close of 84.85/85.05. "The marginal decline was mainly attributed to demand from the energy ...
June 11, 2013 - Reuters via Yahoo! News