Zambia’s kwacha weakens 3 pct to record low against dollar

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Zambia’s kwacha dropped more than 3 percent against dollar to a new record low on Wednesday as the copper price remains near a four-week low on worries about China’s growth.

 

The currency recorded its largest daily fall since September 3 to reach a low of 10.43 per dollar after a survey revealed worsening factory activity in China, a major market for the Africa’s second largest copper producer. (Writing by TJ Strydom; Editing by James Macharia)

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