The Kenyan Shilling held steady against the dollar on Wednesday and traders said its direction would be guided by the level of foreign investor appetite for an infrastructure bond.
Shilling stable, bond inflows may offer support
At 0820 GMT, commercial banks posted the shilling at 101.25/35, unchanged from Tuesday's close.
A teller counts Kenya shilling notes inside the cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya
At 0820 GMT, commercial banks posted the shilling at 101.25/35, unchanged from Tuesday's close.
The 15-year infrastructure bond, to be auctioned on Wednesday, is expected to generate foreign demand, boosting dollar supplies.
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