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Kenya: The shilling was steady on Thursday and traders said it was expected to stay under pressure due to importer dollar demand. commercial banks quoted the shilling at 91.35/45 to the dollar, compared with 91.30/40 at Tuesday's close.
"The shilling remains on the backfoot. Though right now what we are seeing is a slowdown in importer (dollar) buying, we should remain in the backfoot. The outlook still remains weak for the shilling," a senior trader at one commercial bank, said.
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