The dollar, however, posted some slight gains by day end, closing at K11.95 to K11.98, inching closer to breaching the K12 psychological barrier.
“The volatility of the currency is due to the timing of flows and what volumes are being dealt,” FNB Zambia has said in its market update. “We are of the view that the unit will open where it closed, albeit with a bearish feel. Resistance can be placed at 12.00.”
Meanwhile, London copper prices rose for a sixth consecutive session today.
This struck a fresh two-month high of over $6,300 per tonne on hopes of a trade deal between China and the United States, experts say.