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…
The Uganda shilling slipped amid elevated greenback demand late in the week, wiping off earlier mild gains as a result of some export flows and interbank position unwinding. Trading was…
The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week momentum and traded at 3550/60. In…
The Uganda shilling was wobbly on uptick of interbank demand as business activity picked up following an Easter holiday break. Trading held in the range of 3525/3535. In the bond…
The Uganda shilling traded with a mild appreciation bias following a dovish central bank monetary policy decision to keep the policy rate unchanged . The unit traded in the range…
Uganda’s Capital Markets have had an exceptional year. For one, Collective Investments Schemes (CIS) assets under management leapt 97.2% to UGX984b for the year ended December 2021. Accounts opened have…
The Uganda shilling traded firmer, propped up by end month flows that improved supply levels amid subdued demand. Bid and ask held at 3585/95. In fixed income space, yields turned…
The local currency recovered from previous week’s losses amid a slow down in appetite for dollars . On the supply side, inflows from coffee and other commodity traders helped in…
The Uganda shilling surrendered some ground, undercut by a surge in dollar demand from offshore buyers, oil and merchandise importers. The local unit traded just above the 3600 key level…
The Uganda shilling tumbled further, undermined by a surge in demand from offshore investors on a race for liquidity as international sentiment triggered flight to safety. Trading was in the…
