The Uganda shilling continued its bullish trajectory against the dollar on the first day of the week, boosted by ample dollar supply. The FX market was positive for the local unit, with the USDUGX trending lower early in the session. Despite some demand from the corporate desk seeking to nip the buck at the enticing […]
It was a quiet Thursday with little to report, as the local currency trod water for most of the day, ending the session little changed from the previous close. Sideways trading was the dominant theme in the local currency market with activity from both demand and supply counters remaining well balanced through the session. In […]
Matching flows dominated the majority of Tuesday’s session as the local currency oscillated within a tight range against the dollar albeit with a slightly bearish bias. Supply from both corporate and interbank players just about nudged ahead of foreign currency demand to see the home unit end the day at 3660-3690 band same as the […]
The Uganda shilling strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Monday’s trading session. Corporate dollar sellers made forays into the local foreign exchange market, outpacing waning demand, and pushed the home unit higher by 5 shillings at the closing bell. We see the USDUGX currency pair trading […]
The local unit advanced by 10 shillings against the American currency in Thursday’s trading session. Markets witnessed the shilling’s recovery which was attributed to improved foreign currency inflows that cowed demand for foreign currency from interbank players, culminating in a strong finish for the local currency. Ahead of the weekend, the home unit may hold […]
The Shilling’s movement was restricted within tight ranges as calm continued to engulf the local FX market on Tuesday. A state of equilibrium permeated as dollar inflows matched corporate demand for foreign currency, leaving the USDUGX pair tucked within the current range of 3660-3690. The local unit continues to be supported by foreign currency inflows […]
The movement of the shilling against the U.S. dollar was constrained within a narrow band in Monday’s trading session. It was a dull start to the new week as the market saw limited activity across the various counters, with key players remaining on the sidelines. The USDUGX pair hardly changed as a result. The currency […]
The Uganda shilling saw little movement against the U.S. dollar on Thursday in what was a seesaw session with increased activity across the counters. Dollar sellers made forays into the market earlier in the day resulting in the home unit gaining some ground. Late foreign currency demand from interbank players seeking to take advantage pushed […]
The Uganda shilling erased some of its previous day’s losses in Wednesday’s trading session to close a tad stronger versus the dollar. The recovery of the home unit was evident in the late session after the demand for the buck by interbank and corporate players subsided and pushed the USDUGX currency pair marginal lower. In […]
The Uganda shilling was weaker in yesterday’s trading session after the greenback pushed back. Market activity was slow to pick up as a number of major corporates remained on the sidelines. However, some dollar buying took place later in the session that saw the USDUGX currency pair close 5 shillings higher from the previous day’s […]
The local unit continued to make headway against the U.S. dollar in Monday’s session. Sustained foreign currency supply hauled the USDUGX pair lower by 5 shillings on the day. The Shilling’s sentiment has improved in recent days, while the pair’s downward pressure has been exacerbated by the absence of purchases by major corporates in the […]
A persistent lack of dollar demand continued to boost the performance of the shilling against the dollar on Friday. With supply for foreign currency outweighing dollar buyers, the home unit stood tall against the greenback throughout the session holding at the 3660-3690 band by the closing bell. As the dearth in foreign currency demand ensues, […]
The Uganda shilling continued its bullish trajectory against the dollar in Thursday’s trading session, boosted by ample dollar supply. Corporate dollar sellers raided the local FX market with hefty ticket deals in the morning session. Some dollar buying ensued later in the day that limited the Shilling’s gains to 20 shillings against its U.S. counterpart […]