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 […]
The odds were against the Shilling in Tuesday’s trading session, as the home unit reversed its recent gains against the dollar. A flurry of activity in the morning saw dollar demand tip the scale against the local unit, where it steadied for the majority of the session to close the day 10 shillings lower at […]
Thursday’s trading session saw the recent theme of subdued market activity continue, which constrained the local unit’s movement against the dollar to within a narrow trading band. The USDUGX currency pair oscillated between the 3680-3700 ranges as dwindling dollar supply from various counters balanced out with corporate foreign currency demand. Ahead of the weekend, we […]
A persistent lack of dollar demand continued to boost the performance of the shilling against the dollar on Wednesday. With supply for foreign currency outweighing dollar buyers, the home unit stood tall against the greenback throughout the session. The USDUGX pair drifted towards the lower regions of the 3680-3700 range. As the dearth in foreign […]
The Uganda shilling’s movement against the U.S. dollar remained constrained within the 3680-3710 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 local foreign exchange market experienced calm on Wednesday with the Uganda shilling trading within a narrow band against the U.S. unit. Paltry dollar inflows just about matched the demand for foreign currency from the corporate sector and left the USDUGX currency pair a mere 5 shillings higher by the closing bell. The pair is […]
The shilling waffled to the weaker side at the start of the week as demand for the greenback dominated the trading session. Foreign currency inflows that gave the home unit a boost last week seemed to have fizzled out leaving the home unit weighed down by reviving dollar appetite from importers. Looking ahead, we expect […]
The Uganda shilling closed the week marginally lower against the U.S dollar, in a session that saw subdued market activity. Dollar demand from corporate and interbank players outweighed dwindling activity on the supply counter to push the local unit 5 shillings lower by the session’s close. Ahead of the week, we see the home unit […]
The Uganda shilling edged slightly higher against the U.S. dollar on account of increased foreign currency supply. The home unit was on a bearish trajectory in early trading as dollar demand from corporate players inundated the market. However, the shilling reversed all its losses as dollar sellers emerged from the shadows to take advantage of […]
The shilling fluttered between gains and losses in yesterday’s trading, ending the day unchanged from the previous close. The local currency started the day on a solid footing registering some gains against the greenback, buoyed by easing demand. Buyers, however, took back control of the market later in the afternoon, pushing the USDUGX pair back […]
The Uganda shilling traded within confined ranges against the U.S. dollar on Monday as foreign currency flows evened out. In a rather quiet session, the domestic unit held steady versus the greenback on the back of matching flows on both the demand and supply counters. The USDUGX currency pair ended the day little changed from […]
An uptick in foreign currency demand saw the Uganda Shilling close Friday’s trading session weaker against the U.S. dollar. The session saw the domestic unit hold steady versus the greenback for the better part of early trading. Corporate sector dollar buyers later swarmed the market and pushed the local unit 10shillings lower by the closing […]
The odds were against the Shilling in Thursday’s trading session, as the home unit reversed its recent gains against the dollar. A flurry of activity in the afternoon saw dollar demand tip the scale against the local unit, where it steadied for the majority of the session to close the day 5 shillings lower. Looking […]