The local Foreign Exchange market begun the day as it had closed the previous one, with minimal activity witnessed across the counters, leaving the Uganda shilling unmoved for most of the session. Subdued demand for the dollar from corporate and interbank players was amply met by fickle foreign currency inflows that left the home unit […]
The home unit’s winning streak against the U.S. dollar was halted in Tuesday’s trading session amid matching flows. Market activity was surprisingly dreary, with both demand and supply counters sizing each other out. Foreign currency flows were evenly matched for the majority of the session and kept the USDUGX currency pair in the 3680-3700 band. […]
The shilling was little changed versus the dollar on Thursday, ending the day at levels similar to the previous close. Sideways trading characterized the midweek session, with both supply and demand counters recording balanced activity. As the week comes to a close, we see home unit maintaining the current range, although players remain on edge, […]
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 trivial dollar inflows matched corporate demand for foreign currency, leaving the USDUGX pair tucked within the previous ranges of 3685-3705. The currency pair is likely to continue trading within recent […]
Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in Monday’s trading session. Fickle dollar supply by corporate players was evenly matched by dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3685-3705 trough versus the dollar. The USDUGX currency pair looks settled, and […]
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 early hours. Some dollar buying ensued later in the day that limited the local units gains to 5 shillings against its U.S. […]
The Uganda shilling’s movement against the U.S. dollar remained constrained within the 3695-3715 band in a lacklustre trading session on Tuesday. The session saw minimal activity across the counters, with flows just about evening out on the day. The USDUGX currency pair closed the day little changed from the previous day’s close. The domestic unit […]
The Uganda shilling made advancements against the U.S. dollar in yesterday’s trading session in what was a vibrant start to the new week. Increased market activity across the foreign currency supply counter, coupled with muted dollar demand from the corporate sector, saw the local unit gain 5 shillings by the closing bell. Further strengthening of […]
After a thrilling trading session on Thursday, a dearth in the market activity left the USDUGX currency pair stuck within the 3700-3720 ranges. Trivial dollar inflows from the corporate sector just about edged demand by interbank players and saw the pair end the day just 5 shillings lower from the previous close. Market chatter alludes […]
The Uganda shilling stood tall against the dollar in Monday’s trading session that saw ample dollar supply. The USDUGX currency pair was steady in the morning session. Dollar sellers raided the local foreign exchange market in the afternoon session amid waning dollar demand, to help the local unit appreciate 15 shillings on the day. Looking […]
The Uganda Shilling recouped some of its losses against the greenback on Friday backed by dollar inflows from corporate players as well as position squaring by traders ahead of the weekend. Subdued market activity characterized the session for the better part of the day. A late afternoon dollar sell-off by the corporate and interbank sectors […]
The Uganda Shilling lost ground further against the greenback yesterday on account of increased dollar demand. The subdued market activity left the USDUGX pair unchanged in early morning trading. This was however followed by an uptick in demand for the buck coupled with paltry flows from the supply counter that saw the local unit shed […]
Increased dollar demand saw the Uganda shilling edge lower against the U.S. unit on Wednesday. The home unit was down 10 shillings, with the USDUGX currency pair closing the day at the upper range of the recently established 3705-3715 farrow, on the back of increased activity on the foreign currency demand counter. We see competing […]