Kenya: Kenyan Shilling Ends Week Steady Following CBK Interventions

The Kenyan shilling ended the week steady against the US dollar, bolstered by the Central Bank of Kenya’s (CBK) strategic interventions.

Despite the dollar climbing to a two-month high earlier in the week, the shilling held its ground, closing at Ksh129.20 against the dollar, a marginal shift from Ksh129.19 the previous week.

The dollar had been gaining strength throughout the week, trading at Ksh128.50/Ksh129.50 on Thursday, marking the highest recorded exchange for the shilling. However,…