Kenya Shilling Falls 1st Day in 3 as Oil Importers Seek Dollars
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Kenya’s shilling fell for the first time in three sessions as oil importers and energy companies increased purchases of dollars to settle month-end payments.
The currency of East Africa’s largest economy declined 0.2 percent to 86.05 a dollar by 1:06 p.m. in the capital, Nairobi. A close at that level would be the lowest since Dec. 19 and the largest one-day slide in two weeks.