NAIROBI, March 8 (Reuters) - Kenya's shilling eased on Wednesday due to demand for dollars from the energy
sector that outpaced inflows from remittances, traders said.
At 0900 GMT, commercial banks quoted the shilling at
128.50/70 per dollar, compared with 128.35/55 at Tuesday's
close.
In early Wednesday trade, the shilling, which is down 4% so
far this year, touched a fresh all-time low of 128.70/90 per
dollar before retracing some of its losses, Refinitiv data
showed.
Technical analysis of its 14-day and 50-day simple moving
averages shows the shilling is expected to weaken further in the
near term.
(Reporting by George Obulutsa; Editing by James Macharia Chege)
george.obulutsa.thomsonreuters.com@reuters.net))
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