Kenya Shilling Drops Most in 2 Weeks on Month-End Dollar Demand
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Kenya’s shilling weakened the most in two weeks as businesses sought dollars for their month-end obligations and on continued concern over a challenge to the presidential election result.
The currency of East Africa’s biggest economy retreated as much as 0.4 percent, the most since March 6, to 85.80 per dollar and traded 0.2 percent down at 85.60 by 1:10 p.m. in the capital, Nairobi.