The shilling nursed losses testing 100 day low touching 3600 technical level, pressured by substantial demand from commercial banks, energy and manufacturing sectors. The UGX trend was similar to its peers in the region where the Kenya and Tanzania currencies were equally bearish .In the fixed income, the yields have bottomed out as investors expect interest rates to start rising as government leans towards the domestic banking system to fund part of the upcoming fiscal year budget. Yields have held flat for most of Q2 and Q3 of the current year.In the global markets, the dollar climbed and swung to…
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