Kenya: Kenyan Shilling Remains Steady Despite Dollar Surge After Trump Win

The Kenyan shilling on Thursday, November 7, remained steady against international major currencies like the dollar, particularly after a day that it was expected to have a slight dip following the US elections.

The shilling’s steady path against the dollar was particularly aided by foreign exchange supply from tourism that has since picked up following an earlier destabilization by the post-COVID and election events.

Indicative rates from the Central Bank of Kenya(CBK), showed that the…