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Latest articles in Zambia

African FX volatility muted, SA seen hiking rates by 25bps next week

In the commodity market, gold bears were put to the sword overnight as a weaker dollar and geopolitical tensions around Ukraine boosted the metals safe haven appeal. A report from the Ghana Statistical Service showed that producer inflation in the mi...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 January 2022

Bank of Ghana looking to strengthen Cedi, Kenyan bonds extend losses

Following last week's disappointment concerning the softer than expected non-farm payrolls data, the USD is finding some traction this morning as investors position for the Fed nomination testimonies and the U.S. inflation data scheduled for release....
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 10 January 2022

Inflation fears intensify as oil prices surge, FX strategists see USD dominating

Two sets of labour market data have already been released. Investors are anticipating a rise in payrolls of some 400k, which would be almost double the previous reading of 210k. A poll conducted by Reuters showed that analysts expect that most curren...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 7 January 2022

Kenyan bond auction undersubscribed, FOMC meeting minutes were hawkish

Today's focus will turn to the weekly US jobless claims for the next batch of labour data. For context, Zambia’s economy-wide PMI reading came in at 51.5 in December, down from 51.8 in the previous month. Nigeria: Something for Nigerian Naira bulls t...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 6 January 2022

Zambia ramps up monthly debt issuance, Morocco eases capital controls

Key data scheduled for release today will include the ADP numbers for Dec. It will reflect private sector hiring, which should remain constant above 500k. Ahead of key ADP employment data today, the USD remains on the front foot, although directional...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 5 January 2022

Nigeria's economic recovery gains pace in December, Sudanese PM resigns

As inflation concerns persist at the start of the new year, oil remains a focal point for investors given that much of the recent rise in global inflation has been a function of higher oil prices. According to a report by Reuters, the United States h...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 4 January 2022