The Uganda shilling got a boost from export flows as well end month conversion that lifted up the local unit to trade at 3550/60. In fixed income markets, yields on government securities climbed on the 6 and 182 day curve and could be on the path for further elevation as treasury figures show revenue shortfalls while expenditure was running ahead of a year ago as government pursued a supplementary budget. In the global markets, the US dollar traded at its highest in over a year against the major currencies as a hawkish tilt by the Fed buoyed by strong US…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
