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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

ZAMBIA forex

Kenya's shilling to strengthen, Tanzania's to hold steady
Markets

Kenya's shilling to strengthen, Tanzania's to hold steady

  • The Kenyan shilling is expected to strengthen against the dollar next week, helped by inflows from the diaspora, a trader at a commercial bank said.
  • Commercial banks quoted the shilling at 2,314/2,324 against the dollar, the same levels recorded a week earlier.
Published 24 Jun, 2021 05:59pm
Kenyan and Zambian currencies seen softening
Markets

Kenyan and Zambian currencies seen softening

  • Kenya's shilling is expected to face pressure next week as month-end demand for dollars from importers increases.
  • On Thursday, commercial banks quoted the shilling at 108.35/108.55 against the dollar compared with last week's close of 106.95/107.15.
Published 22 Apr, 2021 08:33pm
Nigerian currency seen under pressure, Kenyan rally to pause
Markets

Nigerian currency seen under pressure, Kenyan rally to pause

  • 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.
Published 15 Apr, 2021 06:42pm
Kenyan currency seen firming, Zambia, Uganda's to soften
Markets

Kenyan currency seen firming, Zambia, Uganda's to soften

  • The Kenyan shilling is expected to edge up against the dollar next week, driven by dollar inflows from offshore investors into local government bonds.
  • The kwacha will likely continue trading under pressure against the dollar next week due to sustained demand for hard currency and scanty inflows.
Updated 11 Mar, 2021 10:01pm