July 8 – July 15, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling weakened early in the week and later recouped some losses in choppy trading as mid month tax payments took away appetite for dollars. Trading was in the range of 3760/70. Elsewhere in the region, the Kenya shilling was on the back foot, touching an all time low of 118.25/45, due to increased dollar demand as election anxiety picked up.In bond market, upbeat demand kept yields r