The Kenyan shilling was steady against the dollar on Thursday but traders said it could come under pressure in coming days after the central bank cut interest rates by 200 basis points on Wednesday.
The Kenyan shilling was stable against the dollar on Monday, though traders said they expect the local currency to weaken ahead of a possible interest rate cut on Wednesday.
The Kenyan shilling weakened on Thursday as importers stocked up on dollars a day after lower October inflation data pointed to the chance of a cut in central bank interest rates next week.
The Kenyan shilling was steady against the dollar on Monday, and traders said they expected the local currency to be well supported in coming days by the central bank's hawkish stance on liquidity.
The Kenyan shilling firmed on Wednesday as tea exporters sold dollars gained at a tea auction on Tuesday, though it was expected to be pressured on the other side by importers buying dollars to meet end month obligations.
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