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Shilling to stay under pressure barring Central Bank dollar sales

Kenya: Kenya’s shilling was steady at three-year lows on Tuesday and traders said the local currency was expected to hold within a range, barring any Central Bank dollar sales.

At the opening of trade, commercial banks quoted the shilling at 93.15/35 to the dollar - a level last in November 2011 - compared with 93.20/30 at Monday’s close.

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