This archive report was first published on 16 August 2019.
Published on August 16, 2019, traders predicted that Kenya's shilling would hold steady against the dollar in the next week, as would Zambia's kwacha.
The Kenyan shilling's stability is attributed to inflows from offshore investors buying government debt and tightening liquidity in the money market, according to traders.
Commercial banks quoted the local unit at 103.15/35, compared to 103.00/20 last Thursday.
- Reuters on August 16, 2019
