The Kenyan shilling held steady against the dollar on Wednesday and traders said hard currency inflows into a Treasury bond auction from investors abroad was in focus.
Shilling stable, foreign appetite for bond eyed
At 1105 GMT, commercial banks posted the shilling at 101.45/55 per dollar, unchanged from the previous day'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
"We will see some flows from foreign investors," said a trader with a commercial bank, referring to a 10-year Treasury bond worth 25 billion shillings, which is on sale.
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