The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter. After holding out for most of the day against the greenback, the local unit buckled on the back of dollar demand from commercial banks and merchandise imports in mid trading to close the day quoted […]
The Uganda Shilling traded lower at the 3795/3805 levels against the U.S dollar on Tuesday as increased bustle on the greenback demand counters dominated mostly muted supply activity. The central bank absorbed excess liquidity from the local money market through a 2-day repo. However, this did little to offset bearish sentiment on the home unit […]
Uptick in activity in local FX market saw home unit trade weaker against the dollar later in the day. Commercial banks quoted the USD/UGX pair at the 3738/3758 levels, a little changed from Wednesday’s close. Ahead of the weekend, the shilling embarks on a cautionary trade amidst growing greenback demand from importers. However, anticipated inflows […]
Cipla Quality Chemical Industries Ltd (CiplaQCIL) has extended by two business days, the Retail Offer period published in the Prospectus relating to the Initial Public Offering. This was at the request of the Capital Markets Authority and in order to accommodate the public holiday on 21st August 2018, according to a Press Statement that was […]
Receding demand for USD by merchant importers gives gain to shilling: The Uganda shilling was a tad stronger on Thursday supported by a sell-off of dollars by commercial banks amisdt receding demand for the same from the merchant importers. Traders quoted the local unit at the 3745/3765 levels, close to 5 shillings stronger than Wednesdays […]
The Uganda shilling slumped further against the U.S dollar on Monday, closing the session at 3745/3765 weaker than Friday’s close of 3705/3725. Renewed greenback demand from the manufacturing and energy sectors exerted pressure on the home unit amidst a dearth of anticipated dollar inflows from the agriculture sector. The Regulator maintained its benchmark lending rate […]
High demand for foreign currency weakens shilling: The local unit shred off its recent gains against the U.S. dollar after foreign currency demand outweighed supply early in Friday’s trading session. A surge in greenback demand from corporates and interbank players, attracted by the favorable levels sent the home currency 25 shillings lower by session’s close. […]
Low slung greenback demand boosts continued gain of local currency: The Uganda shilling continued to gain against the U.S. dollar on Thursday as greenback demand maintained its low slung amidst high liquidity in the money market. The USD/UGX pair leveled at 3660/3680 ranges from 3665/3685 on Wednesday. The Central bank was actively seen in the […]
The Uganda shilling posted gains against the U.S. dollar, buoyed by a local currency liquidity squeeze in the interbank market and a slowdown in appetite for dollars by the corporate sectors. Commercial banks quoted the shilling at 3680/3700, stronger than Monday’s close of 3693/3713 ranges. The outlook for the local unit remains largely range-bound as […]
Uganda shilling traded flat amidst scant greenback inflows: The Uganda shilling traded flat against the U.S. dollar on Friday amidst scant greenback inflows that quenched foreign currency demand from interbank players for the majority of the session, Activity in the local FX market remained subdued leaving the home unit barely moved at the 3693/3713 levels […]
Nominal activity saw the home currency lose ground against the U.S. dollar: Nominal activity in yesterday’s session saw the home currency lose ground against the U.S. dollar as the USD/UGX pair shed close to 5 shillings from previous session. Market activity slowly picked up as a number of major corporates remained on the sidelines. The […]
The Uganda shilling posted gains against the U.S. dollar on Tuesday bolstered by end-month inflows from charity organizations alongside low-key corporate demand for the greenback. The USD/UGX pair rested at 3690/3710 lower than 3695/3715 Monday’s close. The Uganda Bureau of Statistics reported that Headline inflation for July rose to 3.1% from 2.2% in June 2018. […]
The Uganda Shilling was stable against the U.S. dollar as parallel activity on both greenback demand and supply counters materialized at week’s start. Monday’s lackluster trading session left the home unit detained within Friday’s 3695/3715 ranges. The USD/UGX pair is anticipated to settle within the present channels for the day with limited fresh factors coming […]