Thu, 04 May 2017 09:15:39 +0000 Stable Kwacha set to get stronger By BUUMBA CHIMBULU CURRENT market conditions suggest that the Kwacha is likely to continue trad-ing within the levels of K9.270 / K9.320 in the short term, with a bias towards further gains against the dollar. During Tuesday’s trading session, the Kwacha was largely unchanged against the dollar as demand and supply were stable. Cavmont Bank Zambia daily market report indicated that the local currency however during the Tuesday session managed to touch an intra-day high of K9.270 / K9.320 on the back of some improved supply from corporates. “Current market conditions suggest that the currency pair is likely to continue trading within current levels in the short term, with a bias towards further gains. “The Kwacha closed at K9.300 / K9.350, unchanged from the day’s opening lev-els,” read the report. On the money market, commercial banks’ aggregate current account balance re-duced by K168.52 […]
