12 November 2012

Kenya: Shilling Opens the Week Weaker to the Dollar

The shilling opened the week weaker to the dollar with traders expecting it to be in a tight range this week, as we enter the tourism peak season, and the recent move

by the central bank to lower the lending rates. The shilling was posted at 85.40/50 to the dollar, slightly weaker than Friday's close of 85.30/50.

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