Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo

NAIROBI, Sept 13 (Reuters) – The Kenyan shilling edged lower against the dollar on Friday, according to data from the London Stock Exchange Group (LSEG), though it remained within a stable range seen over the past month.

LSEG data, as of 0854 GMT on Friday, showed the Kenyan shilling trading at 128.50/129.50 to the dollar, a slight dip from Thursday’s closing rate of 128.30/129.30.

Traders forecast the shilling to remain stabile in the upcoming week, following its strong rally earlier this year. The rally was attributed to easing concerns over a potential default by the East African nation on a $2 billion Eurobond due in June.

(Reporting by Hereward Holland; Editing by Bate Felix)