Kenyan shilling vulnerable, central bank support eyed NAIROBI (Reuters) - The Kenyan shilling was steady early on Friday in cautious trading a day after the budget as investors waited to see if the central bank would sell dollars to support the currency. The shilling has weakened 0.6 percent since June 6 as foreign investors book gains from 2013's 20 percent rally in stocks. It could come under further pressure after the finance minister said on ...
June 14, 2013 - Reuters via Yahoo! News
Kenyan shilling falls, stock market slide persists By Kevin Mwanza NAIROBI (Reuters) - The Kenyan shilling fell to an 11-week low on Friday as expected support from the central bank failed to materialise and a week-long share sell-off persisted. The shilling has weakened 0.8 percent since June 6 as foreign investors have booed gains from 2013's 20 percent rally in stocks. It could come under further pressure after the finance minister said on ...
June 14, 2013 - Reuters via Yahoo! News
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