Economy / Kenya
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East African FX: Shillings Sliding
October 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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East African currencies are suffering amid worsening global financial market turmoil and risk aversion, with the Kenyan, Tanzanian and Ugandan shillings all seeing losses in recent trading sessions. We believe the current trend for downside will remain in place at least until the end of 2008.