The USD shed ground overnight as risk appetite revived following strong earnings reports on Wall Street. The firming of the AOA is in part attributable to a notable rate hike earlier this month by the Bank of Angola. Fitch noted that the deterioratio...

The big news in East Africa this week is that Ethiopia is planning to start producing electricity from the disputed hydropower dam on the Nile River. This comes after the government completed the second phase of filling the giant reservoir, according...

Hopes for Chinese stimulus following a disappointing GDP figure from the world’s second largest economy continued to filter through the base metal markets yesterday. The June year on year print came in at 8.2% y/y from 6.2% y/y in May, while the mont...

The week kicked off with current account trade data out of Kenya. A widening current account deficit could weigh on the Kenyan Shilling's resilience going forward. According to the ERA, the reduction results from the appreciation of the Ugandan shill...

Although the week will start off quietly with very little data on offer, the week ahead will be an important one in that earnings season will offer further insight into the state of corporate America in the midst of growth concerns, new COVID-19 vari...

The latest FOMC minutes offered no clear-cut view on how the economic recovery would unfold, although there was agreement that the conditions needed to describe the economy as having made substantial progress, had still not been met. Concerns over th...