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Topic

uganda shilling

Kenyan, Ugandan and Zambian currencies seen under pressure

Kenyan, Ugandan and Zambian currencies seen under pressure

Published 20 May, 2021 08:30pm
  • The Kenyan shilling will be under pressure in the coming week, as companies are getting ready for their end of month obligations amid projected lower economic growth.
  • The Uganda shilling is seen trading on a weak footing against the dollar in coming days as traders start to rebuild oversold positions, traders said.
Nigerian currency seen under pressure, Kenyan rally to pause

Nigerian currency seen under pressure, Kenyan rally to pause

Published 15 Apr, 2021 06:42pm
  • The naira could ease on the spot market after the central bank, in its first hard currency sale to foreign investors this year, quoted it at a low of 435.81 for the five-month forward contract, traders said.
  • The unit slid to a record intra-day low of 436.81 against the dollar, following the central bank sale earlier in the week.
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