October 7 – October 14, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling surrendered its previous gains on revived demand by local firms for imports amid the dollar supply dearth. The unit traded at 3830/40. In other peer markets most of the currencies generally stumbled as the US dollar continued its ascendancy. In the fixed income market, short term yields continued to soar triggered by rising interest rates as investors focused on the short