It was choppy trading for the Uganda shilling with mid month effect cooling the demand side. The unit traded pretty much in no- man’s land, unable to break below 3800 level and yet struggling to get above the 3825 . While in the Kenyan market, the currency remained flat with very limited pressure as corporates slowly returned to the market after the announcement of a new administration. KES held at 120.40/60. Elsewhere trading across emerging market currencies remained volatile as the dollar strength continued to dominate over the on going global inflation concerns. In domestic fixed income market, yields held…
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