The Uganda shilling was set to end the week on a weaker tone, reversing the gaining streak on rebound of strong demand mainly from importers and commercial banks squaring positions. The unit crossed over into 3800 territory on both bid and ask. In regional currencies, the Kenya shilling weakened to trade at 119.40/60 as business activity resumed after the general elections . With the recent development on UGX/USD a pair, it is expected that inflation numbers will reflect high pass through effects of the shilling weakness going forward. In the fixed income market, the rising trend in yields continued, however…
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