THE KWACHA

Zambia’s kwacha reversed some of its previous week’s losses against the U.S Dollar but remained rather shaky as demand for the dollar is likely to creep back as we progress into the month. Importers are likely to come in and snap the relatively cheaper dollar on the market. Kwacha ended at 6.720-40 per dollar

INTERNATIONAL NEWS

South Africa’s rand fell to fresh 10-week lows against the U.S. dollar on Wednesday, kept on the back foot by investor worries about the state of the economy and the threat of mine strikes spreading to other sectors. Africa’s second-largest economy is heading into an annual mid-year period of wage negotiations between workers and employers and investors fear that a crippling five-month platinum strike could set a precedent for boycotts elsewhere. The rand touched a session trough of 10.8050, the weakest it has been since March 25, a day after the central bank warned of below-expectation GDP growth this year due to strikes, low commodity prices and electricity shortages. By 1540 GMT the local unit was trading at 10.7705, down slightly from Tuesday’s close at 10.7630 and on track to notch its fourth consecutive daily loss – Reuters

Global Markets: The U.S. dollar rose on Wednesday, getting lift from fatter Treasury yields and investor anxieties about likely market-moving policy shifts by central bankers looking to spur Europe’s economy. After trading very near $1.40 within the past month, the euro has been talked down by European Central Bank officials widely expected to cut interest rates Thursday or institute other monetary easings likely to discourage buying of the currency shared by 18 countries. On Wednesday, the euro last traded off 0.20 percent against the dollar at 1.3603 after earlier dipping under $1.36. The dollar last stood up 0.25 percent at 102.73 yen after trading as high as 102.79 yen, near a level

For I command you today to love the Lord your God, to walk in obedience to him, and to keep his commands, decrees and laws; then you will live and increase, and the Lord your God will bless you in the land you are entering to possess.