Kenya Shilling Drops 3rd Day on Dollar Demand From Oil Importers
This article is for subscribers only.
Kenya’s shilling weakened for a third day, the longest losing streak in a month, on increased dollar demand from oil importers.
The currency of East Africa’s biggest economy declined less than 0.1 percent to 86.07 a dollar and traded at 86.05 a dollar as of 1:06 p.m. in Nairobi, the capital. A close at this level will be the longest losing streak since Nov. 5, according to data compiled by Bloomberg.