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05:54
Aug 20
Jennifer Zabasajja Chief Africa Correspondent, Bloomberg Bloomberg Markets
Severe FX shortages will drive further depreciation.
The Ethiopian Birr is expected to weaken further, potentially reaching 185 to 195 against the dollar from its current level of 163, driven by a severe lack of foreign exchange, reliance on expensive fuel and fertilizer imports, and upcoming seasonal pressures.
ETB 1ST
HIGH

About ETB Analyst Coverage

Buzzberg tracks ETB (Ethiopian Birr) across 1 sources. 0 bullish vs 1 bearish calls from 1 analysts. Sentiment: mixed to bearish. 1 total trade idea tracked. Past 7 days: 1 bearish. Latest voices: Jennifer Zabasajja.