Kenya Shilling Firms After Peaceful Election

By John Ndiso

 Kenya shilling coins and notes are pictured inside a cashier's booth at a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. Thomas Mukoya

Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. Thomas Mukoya

The Kenyan shilling strengthened against the dollar on Wednesday as early results from a peaceful election showed President Uhuru Kenyatta in a commanding lead, traders said.

At 0657 GMT, commercial banks quoted the shilling at 103.70/90 per dollar compared with 103.95/104.05 at Monday’s close.

Markets were closed during Tuesday’s session as Kenyans voted for president and local officials.

Traders anticipated bullish movement for the rest of the session, with Kenyatta holding almost 55 percent of votes case.

(Editing by George Obulutsa)

Source: http://af.reuters.com

Sign up for Updates

Leave a Reply

Your email address will not be published. Required fields are marked *

Notify me of new posts by email.