April 11, 2019 / 8:28 AM / a month ago

Kenyan shilling weakens due to importer demand, excess liquidity

A Kenya Commercial Bank (KCB) Mtaani agent counts Kenya shilling notes on a money counting machine as she serves a client inside in the banking hall at the Kencom branch in Nairobi, Kenya July 10, 2018. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - The Kenyan shilling weakened against the dollar on Thursday due to dollar demand from importers and excess liquidity in the money markets, traders said.

At 0700 GMT, commercial banks quoted the shilling at 100.95/101.15 per dollar, compared with 100.75/95 at Wednesday’s close.

Reporting by John Ndiso; Editing by George Obulutsa

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