Kenya shilling ends losing streak against U.S. dollar

Source: Xinhua| 2018-11-21 00:54:07|Editor: huaxia
Video PlayerClose

NAIROBI, Nov. 20 (Xinhua) -- After a week of downward trend against the U.S. dollar and hitting a 10-month low of 103.5, the Kenyan shilling surged on Tuesday, boosted by increased inflows.

The currency traded against the dollar at an average of 102.60 on Tuesday.

The surge was attributed to an increase in foreign currency inflows from the diaspora and horticulture sectors.

"An increase in foreign currency inflows gave the local unit some reprieve to see it end stronger," analysts at the Commercial Bank of Africa said in a brief.

However, even as the shilling gains, the bank noted that its outlook remains negative in the short-term, mainly due to increased dollar demand by importers as the festive season beckons. Enditem

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001376203841
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
中文字幕看片在线a免费 | 精品国产香蕉伊思人在线 | 日本中文字幕亚洲乱 | 亚洲精品美女久久久久99 | 一区二区三区视频在线观看 | 亚洲日韩国产欧美另类 |