The Kenyan shilling experienced a slight depreciation against the U.S. dollar, according to data from the London Stock Exchange Group (LSEG). The currency’s movement reflects ongoing economic pressures, including fluctuating foreign exchange reserves and global market uncertainties.
Traders attributed the shilling’s dip to increased dollar demand from importers and multinational firms repatriating profits. However, the Central Bank of Kenya (CBK) has maintained interventions to stabilize the currency, ensuring minimal volatility.
Despite the slight slip, analysts remain optimistic about the shilling’s long-term outlook, citing economic reforms and expected foreign investment inflows. 
Market watchers continue to monitor the currency’s performance as global and regional financial conditions evolve.
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