October 30 – November 6, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

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The home unit (Uganda Shilling) was kept on the edge, mildly dropping, knocked by sustained demand against lacklustre flows. Out turn was also in line with market expectation that the shilling would remain bearish based on the global perspective that as the US went into elections, the uncertainty around the election results would shore up the dollar safe haven appeal. Bid and ask held in a wide ra