(Adds Nigerian naira)
LUSAKA, Sept 5 (Reuters) - Kenya's shilling is expected to
soften against the dollar in the coming week, while the
currencies of Zambia, Uganda and Nigeria hold steady.
KENYA
The Kenyan shilling KES= is seen easing due to dollar
demand from the energy and manufacturing sector combined with
excess liquidity in the local money market, traders said.
Commercial banks quoted the shilling at 103.80/104.00 per
dollar on Thursday, compared with 103.45/65 at last Thursday's
close.
"There is still dollar demand and there is a lot of
liquidity on the money market side... They've been mopping up
excess liquidity," said a senior trader at a commercial bank,
referring to central bank money market operations.
ZAMBIA
The kwacha ZMW= is expected to continue trading sideways
against the dollar, driven by matching demand and supply of hard
currency.
On Thursday, commercial banks quoted the currency of
Africa's second-largest copper producer at 13.1100 per dollar
from a close of 13.0600 a week ago.
"Our view is that we continue to trade within the current
range," the local branch of South Africa's First National Bank
(FNB) said in a note.
UGANDA
The Ugandan shilling UGX= is forecast to be steady amid
sagging appetite for hard currency from goods' importers.
On Thursday, commercial banks in the capital Kampala quoted
the shilling at 3,675/3,685, compared to last Thursday's close