Kenyan shilling eases; dollar demand elevated across all sectors

NAIROBI (Reuters) – The Kenyan shilling lost ground against the dollar on Wednesday, traders said, due to elevated hard-currency demand across all sectors and thin supply.

At 1118 GMT, commercial banks quoted the shilling at 150.15/35 to the U.S. dollar, compared with Tuesday’s close of 150.00/20.

(Reporting by Giulia Paravicini; editing by George Obulutsa and Alexander Winning)