The Kwacha maintained its positive run against the U.S Dollar on Tuesday as supply continued to outweigh demand. The local unit touched an intra-day of K9.375 / K9.425 despite opening at K9.390 / K9.440, a level last seen in July 2016. However, market activity was largely subdued, with most players trading the currency pair cautiously.
The local unit closed at K9.370 / K9.420, a marginal appreciation of 0.21% from the day’s opening level. #CavmontMarketReport
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