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Zambia's kwacha firms to two-month high on offshore dollar inflows

Pulse Staff
Pulse Staff 12:57 - 20 May 2015
LUSAKA (Reuters) - Zambia's kwacha firmed by more than one percent against the dollar to 7.085 on Wednesday, its strongest since March 10, on inflows from foreign investors chasing government debt.
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"It is mainly because of an increase in the supply of dollars from offshore investors seeking high-yielding securities," a commercial bank trader said.

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