Kenyan Shilling Holds Firm as U.S. Dollar Slides for Second Straight Week

The Kenyan shilling remained stable against the U.S. dollar, closing the week at Ksh129.19, according to the Central Bank of Kenya. Despite a 0.4% drop in the U.S. dollar index, traders expect the shilling to remain strong in the coming days. However, the country is facing pressures from the Iran war and reported fuel shortages in Nairobi, attributed to a technical and administrative hitch.