April 30 – May 7, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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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 liquidity levels in check. In other market moving news, word was out that the Government of Uganda had applied to the International Monetary Fund for US$900 million to bolster its finances as the pandemic c