October 22 – October 29, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling steadied against the dollar, recouping its losses, largely supported by offshore dollar inflows. The dollar- UGX rate hovered around 3550 throughout the week.In the regional markets, Kenya shilling was little changed, but was expected to weaken, undercut by strong demand from merchandise importers. Tanzania, Zambia and South African currencies were broadly stable and were expec