The Uganda shilling continued on its strengthening trend joining a global rally amid weakness of the dollar. In the local market there was a general slump in demand while supply was mildly enhanced by end month flows mainly from exports . The unit was quoted at 3735/45. In the regional markets, the Kenya shilling was on the back foot trading at a new all time low of 122.20/40 on increased demand from the energy sector. In the fixed income market a treasury bill auction with 285 billion on offer was held. Yields remained relatively flat with BOU seen suppressing yields…
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