The shilling traded flat on the back of thin import appetite underpinned by low business activity. Supply was boosted by cyclical remittances. The unit held at 3740/50. In the neighboring Kenya, the currency hit a fresh new low, undermined by huge dollar demand from manufacturing and energy sectors. KES was quoted at 121.85/122.05. In the global markets, the US dollar held ground as markets tried to make sense out of mixed US economic data. The greenback had tumbled in recent weeks on inflation and comments from the Federal Reserve signaling that the Central Bank could put brakes and slow the…
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