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June 18 – June 25, 2021: Weekly financial markets review and outlook with Stephen Kaboyo
The shilling opened the week firm, but surrendered some ground on uptick of corporate and interbank demand. Courtesy photo
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 attempting to break beneath a key level of technical support around 3500 over the past couple of weeks.On further analysis of the market import demand remained subdued as a result of shutdown of Kikuubo, the
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