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Kenya shilling dives after Reuters exclusively reports c.bank comments 03.14.2011 The Kenyan shilling fell nearly 1 percent in 15 minutes after Reuters exclusively reported comments by the central bank governor reiterating that he would not intervene in the foreign exchange market. Foreign exchange traders had expected the central bank to sell dollars to support the shilling, so news that it would not — provided directly to Reuters by the governor — had a major impact on trade. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

FX & Money Markets

Macroeconomics, monetary policy, FX and money markets

Kenya shilling dives after Reuters exclusively reports c.bank comments

03.14.2011

The Kenyan shilling fell nearly 1 percent in 15 minutes after Reuters exclusively reported comments by the central bank governor reiterating that he would not intervene in the foreign exchange market. Foreign exchange traders had expected the central bank to sell dollars to support the shilling, so news that it would not — provided directly to Reuters by the governor — had a major impact on trade.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here