Kenyan shilling slides to fresh low on broad FX demand

(Reuters) – Kenya’s shilling slid to a fresh low against the dollar on Friday, as broad foreign exchange demand from all sectors outweighed thin supply, traders said.

At 0950 GMT, the shilling was trading at 150.35/55 per dollar, compared with Thursday’s closing rate of 150.20/40.

Earlier in the session the shilling nudged a new all-time low of 150.40/60 per dollar, LSEG data showed.

(Reporting by Hereward Holland; Editing by George Obulutsa)