It was sideways trading for the local currency crossing over into the new fiscal year, largely underpinned by a sharp slowdown in demand as Covid-19 lockdown measures kept business activity at…
The Uganda shilling oscillated in a narrow range of 3540/50 mainly on interbank and corporate market activity. Commercials banks were seen covering positions. The unit was a touch weaker after…
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…
