Markets


Shilling trades firmly on flows from offshore investors

Shilling trades firmly on flows from offshore investors

The Uganda shilling traded firmly against the dollar in yesterday’s session as flows from offshore investors offered support. Activity on the supply side outweighed demand majority of the trade, with the
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Steady dollar inflows elevate local currency performance

Steady dollar inflows elevate local currency performance

Steady dollar inflows into the local market amid a decline in foreign currency demand elevated the shilling in yesterday’s trade. The local unit rose by 5 shillings against the greenback during
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Minimal activity on demand, supply counters constrains Shilling

Minimal activity on demand, supply counters constrains Shilling

The Uganda shilling was constrained within the 3695-3715 band in yesterday’s session, with minimal and balanced activity on both the demand and supply counters. Market chatter alludes to a range bound
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Shilling gains amidst increased foreign currency inflows

Shilling gains amidst increased foreign currency inflows

The tide continued to turn in the Uganda Shilling’s favour during Friday’s trading session as a result of increased foreign currency inflows from commodity exporters. An uptick in corporate activity on
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EAST AFRICAN BUSINESS WEEK


The Uganda shilling was constrained within the 3695-3715 band in yesterday’s session, with minimal and balanced activity on both the demand and supply counters. Shilling loses 15 units amidst surge in corporate dollar demand March 13, 2019 12:55 pm - The local currency was largely on the back foot, losing about 15 shillings versus the buck on Tuesday characterized by […]
The Uganda shilling appreciated on the first day of trading, with dollar supply outpacing foreign currency demand, leaving the shilling on the front foot. Shilling appreciates as dollar supply outpaces demand March 12, 2019 11:57 am - The Uganda shilling appreciated on the first day of trading, with dollar supply outpacing foreign currency demand, leaving the shilling […]
The tide continued to turn in the Uganda Shilling’s favour during Friday’s trading session as a result of increased foreign currency inflows from commodity exporters. Shilling ends trading unchanged from previous close March 6, 2019 10:41 am - The shilling traded sideways against its American counterpart, though ending the day unchanged from previous close. Lack of economic news […]