Mon, 29 May 2017 11:59:40 +0000 By BUUMBA CHIMBULU SHORT-TERM outlook for the Kwacha remains positive, as further supply is expected from exporters and sellers as the month-end approaches. The local currency has maintained its bullish performance against the major currencies as it had continued to trade within the range of K9.270 to K9.320. According to Cavmont Bank Zambia daily market report, there is an indication from short-term outlook for a more positive performance as further supply is expected from exporters and sellers as the month-end approaches. “The Kwacha was still largely unchanged against the U.S dollar on Wednesday, though it closed on a slightly stronger note at K9.270 / K9.320, mostly due to improved supply from corporates,” read the report. The local unit’s performance was in tandem with other emerging market currencies such as the South African Rand which outperformed the greenback during the day’s trading session. On the money market, commercial […]
