WEEKAHEAD-AFRICA-FX-Kenyan, Ugandan shillings to firm, Zambia’s kwacha to ease

NAIROBI, July 12 (Reuters) – The Kenyan and Ugandan
shillings are expected to strengthen against the dollar in the
next week to Thursday, while Zambia’s kwacha is forecast to
weaken, traders said.

The Kenyan shilling is expected to gain ground,
supported by dollar inflows from remittances and investors
seeking to buy government bonds, traders said.
Commercial banks quoted the shilling at 100.70/90 per dollar
compared with 100.65/85 at last Thursday’s close.

Go to News Source