The Kenyan shilling started the week low against
the U.S. dollar on Monday, pressured by rise in importer dollar
The shilling traded
at an average of 101.30 for each dollar during the Monday
session, a drop from 101.25 in the previous session.
The Central Bank of
Kenya placed the currency at 101.30 against the dollar, a slight
decline from 101.25 at the end of last week.
Commercial banks, on
the other hand, quoted the shilling at between 101.25 and
attributed the decline of the shilling to pressure from rising
demand for dollars from importers, including those shipping in
Against the Sterling
Pound, the shilling strengthened to close at 142.08 from 142.51
in the Friday session, noted the apex bank.
Analysts expect the
shilling to continue facing pressure in the short-term but it
would be supported by inflows from mainly the agriculture