The Uganda shilling slipped amid elevated greenback demand late in the week, wiping off earlier mild gains as a result of some export flows and interbank position unwinding. Trading was in the range of 3535/45.In regional markets, the Kenya shilling traded stable but was expected to ease on increased dollar demand mainly from the energy sector. Trading range was 115.75/95In the global markets, the US dollar fell and nursed its sharpest drop in more than a month against the major currencies after the US Fed raised interest rates by 50 basis points to stamp out the soaring inflation. The Federal…
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