The local unit backtracked slightly, surrendering previous week’s gains as some pockets of demand emerged. The impact of the new COVID-19 measures kept the markets on the edge. Trading was…
The local currency strengthened on sustained inflows that outstripped demand as markets reacted to fresh COVID-19 lockdown measures. Bid and ask hovered around 3510/20. In fixed income, yields on Uganda…
The shilling was stable, supported by size able flows from agriculture commodity exports. However, a sense of caution enveloped the markets as speculation around government new measures to deal with…
The local currency continued on its upward trajectory, trading closer to a key resistance level of 3,550 as demand slumped. The Central open market operations also assisted in keeping market…
The Uganda Shilling was somewhat at crossroads, searching for fresh direction before making its next move as volatility was the order of business. Technical analysis of the market pointed to…
The local unit was volatile, trading near a 3 and half year high against the greenback, breaching the key support level of 3600. The shilling hit that level in the…
The shilling was firmer against a soft dollar supported by healthy flows from commodities exporters as market demand remained at a low ebb. The trading held in the range of…
The local currency was firmer after marginal losses early in the week, with the recovery guided by subdued market activity as mid-month tax obligations took center stage. Trading was in…
The Uganda shilling inched down towards the end of the week as interbank demand rebounded, trading at 3660/3670 compared to previous week’ s closing of 3655/3665 . In the fixed…
The local currency was broadly stronger, oscillating in a narrow range amid receding dollar demand. The supply side was active with flows offering support. While in other news the monetary…
