Zambia

After punching through two-month support at (its previous all-time low of) ZMK5,225/US$ on February 11, the Zambian kwacha tumbled by a further 9.1% in six days, to touch ZMK5,750/US$... 2009-02-19

BMI View: It should come as no surprise to regular readers that we remain medium-term bearish towards sub-Saharan African FX. Commodity prices are expected to stay subdued and investment... 2009-02-12

Despite the weak opening on February 4, the Zambian kwacha closed marginally stronger, shying away from short-term trendline support at ZMK5,190/US$ in place since the unit touched... 2009-02-05

With the worsening global economic context weighing heavily on the global copper complex, we maintain a bearish stance on the Zambian kwacha, seeing further weakness in 2009. Our... 2009-01-15

Despite consumer price growth moderating across the board on the back of weaker energy and agricultural prices, Zambia has managed to maintain an acceleratory trajectory of consumer... 2009-01-07

Carried by seemingly unstoppable momentum that has seen the kwacha lose 28.7% of its value against the US dollar since the beginning of November, the unit has broken its previous... 2008-12-15

The Zambian kwacha is testing key support at ZMK4,700/US$, but given our view that copper, which was trading at US$3,435/tonne at one point on December 4 2008, is likely to head even... 2008-12-04

Sub-Saharan African currencies continue to take a beating amid widespread EM risk aversion and position unwinding. Commodity currencies - that is, currencies for which commodity earnings... 2008-10-23

The extreme volatility and uncertainty in international financial markets, combined with slowing global economic growth, continue to weigh heavily on sub-Saharan African (SSA) currencies.... 2008-10-08

Unless Zambian President Levy Mwanawasa makes a speedy recovery, we see further downside potential for the kwacha towards support at ZMK3,600/US$ and ZMK3,650/US$. In the event that... 2008-07-30