September 23 – September 30, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling was caught in crossfire of a strengthening dollar as the local market stayed long USD. Markets remained cautious as weekly losses for risky assets were exacerbated by sterling’s decline in what was a volatile week in the financial markets. The unit held in the range of 3880/90. In fixed income market, yields continued to rise in line with uptick in headline inflation and o