May 13 – May 20, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling posted sharp losses buoyed by a surge in demand from commercial banks, manufacturing and energy sectors. The unit broke through key levels to trade at 3665/75.In the regional currencies, the Kenya shilling faced similar headwinds and was on a losing streak trading at 116:10/20. Elsewhere in peer markets, robust energy demand was driving the weakness of most currencies across th