The local currency hit pockets of volatility in early trade but price action became less intense towards the end of week as demand subsided. Mid-month tax payments did little to…
The Uganda shilling tumbled to trade near a two month low undermined by a surge in corporate and importer demand as the country opened up its entry points. At the…
The Uganda shilling slid mid-week and remained weak, retreating to a weekly low to trade slightly above the key level of 3,700. USD/UGX pair was to a large extent sentiment…
The local currency backtracked mid-week pausing the stable stance in the previous sessions. The shilling breached a key level of 3,700 on the sell side as demand surged mainly from…
The Uganda shilling remained stable as demand was dented by mid-month tax payments that kept corporates out of the market. Bid and ask held at 3670/80.In the fixed income market,…
The local currency traded marginally stronger, pulling away from the key technical level of 3700, with both counters trading below that level as supply conditions improved, against subdued demand. Bid…
BOU to cut the policy rate for April 2020 Globally Central Banks have reacted en masse to prop up their economies in the face of the Covid-19. BOU is expected…
