Kenyan shilling slumps to record low for third day

NAIROBI: The Kenyan shilling slumped to a record low against the dollar on Thursday on the back of euro weakness, trader

The shilling traded at a new low of 98.20 in early trading after setting record lows of 97.20 on Wednesday and 96.11 on Tuesday. The central bank sold dollars in the market on Wednesday to try and curb the fall.

Copyright Reuters, 2011

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