Weekly market review
The shilling weakened against the dollar during the week to Friday due to a pick-up in corporate demand amid flows of the greenback, dealers said. The local unit closed trading at 1,714/1,719 to the dollar on the inter-bank market compared to 1,703/1,708 traded the previous week. Flows were seen from the aid agencies and coffee exporters, which were evenly matched to the existing dollar demand. |