Kenya Shilling Weakens for Third Day to Dollar, Demand ‘Low’
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Kenya’s shilling weakened for the third day, its longest streak of declines in a month, as both supply and demand for currency fell ahead of the Christmas holiday, a dealer said.
The currency of East Africa’s biggest economy declined 0.2 percent to 80.70 to the dollar at 11:45 a.m. in Nairobi, from a close of 80.55 yesterday.