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Shilling steady, seen easing

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi  in a file photo.  REUTERS/Antony Njuguna
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi in a file photo. REUTERS/Antony Njuguna
At 0717 GMT, commercial banks quoted the shilling at 102.35/45 to the dollar, the same as Thursday's close.
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Kenya's shilling was stable on Friday and traders said it was expected to weaken next week due to increased dollar demand from importers.

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"It's very quiet. Both counters, demand and supply are very well-matched. Next week we expect the shilling to be under pressure. We will have more demand ... from general importers and manufacturers," a senior trader at one commercial bank said.

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