The Kenyan shilling remained stable against the US dollar on Wednesday, according to LSEG data. At 0807 GMT, the shilling traded at 129.00/130.00 per dollar, similar to Tuesday's closing rate. On Tuesday, the central bank cut its benchmark lending rate to 12.75% from 13.00% previously. The bank said it was possible to gradually ease the policy as inflation had fallen below the midpoint of its target range

Par ailleurs, The South African rand strengthened in early trading on Wednesday as risk sentiment improved and markets await data on demand for 39; unemployment benefits from the United States on Thursday for guidance on the future trajectory of interest rates in the world's largest economy. At 06:26 GMT, the rand traded at 18.41 against the dollar, about 0.45% stronger than its previous close. According to Andre Cilliers, currency strategist at TreasuryOne, the rand is trading more firmly “as the sense of risk improves and emerging market currencies all show gains

The Indian rupee gained slightly on Wednesday, helped by an overall improvement in risk appetite, but strong dollar offerings in the non-deliverable futures (NDF) market and demand for coverage from importers should keep the currency's gains under control. Ocirc; the, traders said. The rupee was at 83.9150 against the US dollar at 10:50 AM IST, up slightly from its close at 83.9525 in the previous session. The weakness of the rupee was limited by the intervention of the Reserve Bank of India, as well as by instructions to major banks to refrain from excessive speculation against the rupee, when the currency was on the verge of falling below

The Australian and New Zealand dollars rose on Wednesday as surprisingly accommodative comments from the Bank of Japan reinforced the sense of risk and caused the yen to fall.