The local currency continued on its upward trajectory, trading closer to a key resistance level of 3,550 as demand slumped. The Central open market operations also assisted in keeping market…
The Uganda Shilling was somewhat at crossroads, searching for fresh direction before making its next move as volatility was the order of business. Technical analysis of the market pointed to…
The local unit was volatile, trading near a 3 and half year high against the greenback, breaching the key support level of 3600. The shilling hit that level in the…
The shilling was firmer against a soft dollar supported by healthy flows from commodities exporters as market demand remained at a low ebb. The trading held in the range of…
The shilling opened the week firm, but surrendered some ground on uptick of corporate and interbank demand. The surge was seen as intermittent and was likely not to hold for…
The local currency was firmer after marginal losses early in the week, with the recovery guided by subdued market activity as mid-month tax obligations took center stage. Trading was in…
The Uganda shilling inched down towards the end of the week as interbank demand rebounded, trading at 3660/3670 compared to previous week’ s closing of 3655/3665 . In the fixed…
The Uganda Shilling held steady with supply side showing strong response against tepid demand. Trading was in the range of 3665/75. In other UGX peer currencies, the trend was similar…
The local currency was broadly stronger, oscillating in a narrow range amid receding dollar demand. The supply side was active with flows offering support. While in other news the monetary…
The Uganda shilling inched up against the dollar, benefiting from subdued trading activity as market players held onto the local currency in preparation of mid-month tax payments. Trading was in…
