Zambia’s kwacha falls sharply against US dollar

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dollar - lusakavoice.com
dollar - lusakavoice.com

Reuters) – Zambia’s kwacha fell more than 1 percent against the dollar to a record low on Friday as the dollar strengthened globally, traders said.

The kwacha was trading at 7.3250 against the dollar by 1414 GMT, after earlier hitting an intra-day low of 7.3450.

“It’s nothing peculiar to the kwacha. This has to do with dollar strength across the board,” a trader with a commercial bank in Lusaka told Reuters. (Reporting by Stella Mapenzauswa; Editing by James Macharia)

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  1. Rand falls to new 13-year low
    March 9, 2015 at 02:40pm
    By Reuters
    Johannesburg – South Africa’s rand fell to a new 13-year
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    The rand stumbled 0.7 percent to 12.1270 to the
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    Earlier on Monday, by 06h05 GMT, the rand had
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    showing the US unemployment rate had declined to its
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    The positive data from the world’s number one economy
    raised market expectations of a US Federal Reserve rate
    hike from near-zero levels by the end of 2015, driving
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