Business

Kwacha under pressure

KALONDE NYATI, Lusaka
AT A time when the Kwacha is supposed to trade on the upward swing in view of corporates meeting month-end obligations, the local unit is still under pressure, trading around K10.20.
The dollar has been boosted by an improved outlook on global trade after the United States (US) and Mexico struck a deal as well as market sentiments.
Zanaco says the continued strengthening of the US dollar has continued to put pressure on the Kwacha.
On Tuesday, the foreign exchange market witnessed volatility with expectations that it would continue in the near term http://epaper.daily-mail.co.zm/

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