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…
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The Uganda shilling was in a sideways consolidation phase with minor bearish pressure but was showing signs of reversing as pockets of demand kept emerging. The unit held in the…
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It was choppy trading for the Uganda shilling with mid month effect cooling the demand side. The unit traded pretty much in no- man’s land, unable to break below 3800…
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The Uganda shilling firmed in volatile trade that saw both gains and losses. On one hand commodity flows boosted the supply side while pockets of demand were seen from the…
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The Uganda shilling held steady, trading within range amid low dollar appetite across all sectors. Supply was beefed up by end month conversions. The unit was quoted at 3800/10. The…
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The Uganda shilling was set to end the week on a weaker tone, reversing the gaining streak on rebound of strong demand mainly from importers and commercial banks squaring positions….
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The Uganda Shilling pared losses after struggling for momentum against a bullish dollar. The shilling rally was driven mainly by domestic factors that dented demand. Trading was in the range…
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The shilling was in a risk off trade as foreign institutional investors continued to reduce their exposure to riskier assets. The currency tested the 3900 level and later retreated to…
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The Uganda shilling slumped to an all time record low against the dollar, breaching a crucial psychological level of 3800 on increased demand mainly from offshore portfolio investors exiting the…
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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…
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