NAIROBI (Reuters) - The Kenyan shilling fell back from near six-month highs on Wednesday as importers bought dollars, but traders said farm, tourism and remittances inflows could provide support. At 0731 GMT, commercial banks quoted the shilling at 89.00/20 against the dollar, slightly weaker than Tuesday's close of 88.80/89.00. "We expect renewed buying interest from importers under the 89.00 mark, a move that could slow the shilling's rally," said Bank of Africa in a daily report. "The local unit continues to receive firm support from the farm, Tourism and NGO (aid agencies) sectors. ...
Saturday, December 31, 2011
Kenya shilling off 6-mth highs on importer dollar buys
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