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Main African currencies seen steady amid slow holiday trading

[Photo: Courtesy]

Most of Africa’s main currencies were seen trading at a steady level over the next week as markets remained sluggish over the holidays, although the Zambian kwacha was expected to weaken, traders said.

The Kenyan shilling is expected to maintain the same level in the coming week with markets being closed on January 1 for New Year’s holiday, traders said. Commercial banks quoted the shilling at 103.10/30 per dollar compared with last Thursday’s close at 102.95/75.

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