Kenyan shilling steady, with exporter FX supply meeting demand

NAIROBI (Reuters) -The Kenyan shilling was broadly steady on Friday as foreign exchange supply from exporters met subdued dollar appetite, traders said.

At 0900 GMT the shilling was trading at 128.75/129.75 to the U.S. currency compared with 129.00/129.50 at Thursday’s close, London Stock Exchange Group data showed.

“I think it’s going to trade within this band for the next week. The market is balanced,” a trader said.

(Reporting by Hereward Holland;Editing by Alexander Winning)

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