Nigerian and Ugandan Currencies Face Pressure
Nigerian and Ugandan currencies are expected to weaken against the dollar due to import demand and profit-taking. Meanwhile, the currencies of Kenya, Ghana, and Zambia are anticipated to remain stable amid balanced market liquidity.
Nigeria and Uganda currencies face downward pressure against the dollar through Thursday, while peers hold steady. Traders expect seasonal import demand and profit-taking to drive the weakness. Central bank intervention remains a key variable for currency stability across both markets.
