NAIROBI, Oct 29 (Reuters) - The Kenyan shilling KES= is
seen stable in the coming days on healthy inflows of hard
currency while importer demand may sap the Ugandan unit.
KENYA
The Kenyan shilling KES= is expected to trade stable over the
coming days, helped by hard currency inflows from commodity
exporters, traders said.
At 1130 GMT commercial banks quoted the shilling at
108.70/90, compared to last Thursday's close of 108.75/95.
"We have been seeing (hard currency) inflows from tea
exporters, some support may come from there," said a trader at
one of the commercial banks, adding he expected the unit to
continue trading around its current range.
UGANDA
The Ugandan shilling UGX= is seen trading with a weakening
tone in the coming days, undercut by healthy demand from
importers in sectors like energy and merchandise retail.
At 1037 GMT commercial banks quoted the shilling at
3,735/3,745, compared to last Thursday's close of 3,725/3,735.
"There's quite a bit of demand in the system from
importers," said a trader from one of the commercial banks,
adding much of the demand was for dollars to pay for goods for
the anticipated holiday shoppers.
ZAMBIA
The kwacha ZMW= is expected to continue trading under pressure
against the U.S. dollar as demand for hard currency continues to
outmatch supply.
On Thursday, commercial banks quoted the currency of
Africa's second largest copper producer at 20.5500 per dollar
after closing at 20.2090 a week ago.
"In the absence of other key economic drivers, the pair will
take nods from supply and demand, and the local unit is expected
to continue on its bearish trajectory if demand persist without
a counter supply of dollars,” Zambia National Commercial Bank
(ZANACO) said in a note.