Uganda Shilling and Ghana Cedi to Weaken
The Ugandan shilling and Ghanaian cedi are forecast to weaken against the dollar amid strong corporate demand and energy pressures. Meanwhile, currencies in Kenya, Nigeria, and Zambia are expected to remain stable or firm.
Xurve View
Insights:
Xurve View
Uganda's shilling and Ghana's cedi will weaken against the dollar through the coming week amid strong energy demand and regional trade pressures. The diverging forecasts highlight mixed currency resilience across sub-Saharan African markets. Investors are tracking central bank interventions and commodity price shifts to gauge near-term forex volatility.
