Kenya’s Shilling Snaps Two-Day Advance as Importers Buy Dollars
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Kenya’s shilling weakened for the first day in three as oil and corn importers bought dollars to pay for goods.
The currency of East Africa’s biggest economy depreciated as much as 1.3 percent to 91.25 per dollar and was trading 0.7 percent down at 90.65 by 2 p.m. in the capital, Nairobi, from yesterday’s close of 90.05.