May 20 – May 27, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling was on a losing streak, trading at its lowest in months plagued by the reality of inflation pressures and high oil import demand. The energy forex requirements dominated the market. The bearish engulfing pattern led the unit to touch 3700 level. In other regional markets the Kenya shilling and Tanzania shilling were largely stable but were expected to weaken on energy demand.In