The Kenyan shilling came under pressure on Tuesday from manufacturing firms seeking dollars while inflows of foreign exchange slowed.
Shilling under pressure as manufacturers seek dollars
By 0822 GMT, the shilling was quoted at 100.50/60, compared with Monday's close of 100.45/55.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi in a file photo. REUTERS/Antony Njuguna
The currency could receive a boost next week from the sale of a nine-year infrastructure bond that is expected to draw in dollars from offshore investors, traders said.
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