Kenya Shilling Strengthens as Central Bank Offers Second Sell
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Kenya’s shilling strengthened, pushing the currency toward a weekly gain, as the central bank removed money from the market through four-day repurchase agreements for the first time in more than three months.
The currency of East Africa’s largest economy gained as much as 0.4 percent to 84.85 a dollar, the most since Sept. 5 and was trading less than 0.1 percent higher to 85.15 a dollar at 4:12 p.m., in the capital, Nairobi.