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Kenyan shilling steady vs dollar, eyes on ICC

NAIROBI, Dec 15 (Reuters) - The Kenyan shilling was little changed against the dollar on Wednesday, and traders said they were cautious ahead of an announcement by the International Criminal Court naming key suspects behind Kenya's 2007/08 post-election chaos. At 0814 GMT, commercial banks quoted the shilling at 80.50/60 compared with Tuesday's close of 80.45/55. Later on Wednesday ICC Chief Prosecutor Luis Moreno-Ocampo will name six people he believes masterminded the bloodshed that killed 1,220 people in east Africa's largest economy after the disputed 2007 elections. There are concerns the announcement may provoke violence in areas the suspects hail from and traders said that was prompting some nerves in the market. "The market is playing cautious but I can not attribute the slight weakening of the shilling to (Moreno-) Ocampo. It is mainly due to the euro weakening and CBK's purchase of the dollar yesterday," said Steve Lagat, a trader at CFC Stanbic Bank. The central bank said it was staying out of the market, after buying $8 million on Tuesday. Other traders said the market was likely to hold steady since the ICC's action had been anticipated for a while, and in the long run would be positive for the shilling. "It is positive factor to the country. Eradicating impunity and a stable government in the long run bodes well for the shilling," said a trader from a leading commercial bank who could not be named. Traders expect the shilling to trade in the 80.40-80.80 range in coming days. .......................Shilling spot rates .................Shilling forward rates ...................Cross rates ..............................Local contributors ...................Central Bank of Kenya Index .................Kenyan Bonds contributor pages ...........Treasury bill yields ..............Central bank open market operations .....................Horizontal repo transactions ,............Daily interbank lending rate .........................Kenya Bond pricing ..............Real time Africa economic data .......................African economic news SPEED GUIDES: (Reporting by Beatrice Gachenge; Editing by George Obulutsa) Keywords: KENYA MARKETS/ (Email: nairobi.newsroom@reuters.com; Tel +254 20 2224 717) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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