Kenya shilling loses ground; energy demand piles pressure

Kitco Media
By Reuters
Published:
Updated:
Reuters
NAIROBI, March 10 (Reuters) - Kenya's shilling lost more ground against the dollar on Friday, pushed by demand from the energy sector and general goods importers, traders said. At 0747 GMT, commercial banks quoted the shilling at 129.00/20 per dollar, compared with Thursday's closing rate of 128.55/75. Earlier on Friday, the shilling, which has hit a series of record lows since last year, touched a fresh all-time low of 129.30/50 per dollar before recouping some of its losses, Refinitiv data showed. (Reporting by George Obulutsa; Editing by Duncan Miriri)

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