East African Currencies Face Pressure
Kenyan and Ugandan currencies face downward pressure driven by importer demand and energy prices. Meanwhile, Ghanaian cedi gains are expected to extend on mining inflows.
Currencies in Kenya and Uganda face mounting pressure through Thursday due to surging dollar demand from corporate importers and energy buyers. The divergence highlights varied regional responses as central banks balance emergency monetary tightening against persistent external headwinds. Investors are tracking African FX liquidity splits as hard-currency inflows support select frontier units.
