The shilling was little changed versus the dollar on Thursday, ending the day at levels similar to previous close.
Markets

U.S. dollar flat as weekly jobless claims rise to five-month high

The shilling was little changed versus the dollar on Thursday, ending the day at levels similar to the previous close.

Sideways trading characterized the midweek session, with both supply and demand counters recording balanced activity.

As the week comes to a close, we see home unit maintaining the current range, although players remain on edge, waiting to see whether the pair breaks past recent highs.

The U.S. dollar was unmoved on Thursday as the number of Americans applying for unemployment benefits rose to an unexpected five-month high and there were no new comments on monetary policy from Federal Reserve Chair Jerome Powell.

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 225,000 for the week ended Nov. 9, the highest reading since June 22.

Elsewhere, the euro was lower, with EUR/USD down to $1.0996 as Germany barely escaped a recession in the third-quarter.

Still, Brexit uncertainty and fallout from the U.S.-China trade war continue to cast a shadow on the bloc. Sterling was flat with GBP/USD at $1.2849.