蜜臀av性久久久久|国产免费久久精品99|国产99久久久久久免费|成人精品一区二区三区在线|日韩精品一区二区av在线|国产亚洲欧美在线观看四区|色噜噜综合亚洲av中文无码|99久久久国产精品免费播放器

Kenya shilling on steady decline as dollar demand rises

Source: Xinhua| 2018-01-03 23:44:33|Editor: yan

NAIROBI, Jan. 3 (Xinhua) -- The Kenya shilling continued on a downward trajectory on Wednesday going down 0.10 percent against the U.S. dollar as importers sustained demand for the greenback.

The local currency traded in the Wednesday session at an average of 103.40, a major decline from 103.30 where it closed on Tuesday.

Central Bank of Kenya (CBK) quoted the shilling at 103.35 to the dollar, a decline from 103.29 in the Tuesday trading.

On the other hand, commercial banks placed the local unit at between 103.40 and 103.60 from Tuesday's margins of 103.30 and 103.50.

Forex traders attributed the steady decline of the shilling to increased demand for dollars from oil importers amid low inflows from key sectors like agriculture, remittances and debt market.

Against the British pound, the shilling similarly went down to trade at a low of 140.09 from 139.65 on Wednesday.

However, despite the steady decline of the currency, analysts noted the shilling would stabilize due to CBK's intervention activities, as the apex bank had sufficient forex reserves, which last Friday stood at 7.1 billion or an equivalent of 4.7 months of import cover.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521368700151
金溪县| 赤水市| 五寨县| 汤原县| 和田县| 桃江县| 碌曲县| 永丰县| 梓潼县| 公主岭市| 新乐市| 廉江市| 静海县| 惠州市| 宽甸| 博湖县| 棋牌| 霍林郭勒市| 游戏| 泽普县| 灵武市| 青海省| 华坪县| 石狮市| 社会| 津市市| 义乌市| 安平县| 惠来县| 合作市| 天等县| 金华市| 义马市| 新闻| 陵川县| 宜丰县| 平安县| 漾濞| 惠东县| 炉霍县| 双柏县|