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 […]
Breenback supply activity outweighing dollar demand gives gain to shilling: The Uganda shilling was a touch stronger against the U.S. dollar at last week’s close as greenback supply activity outweighed demand. The USD/UGX pair found comfort at the 3695/3715 levels from 3700/3720 levels previously. Emergent foreign currency demand from the corporate sectors and importers is […]
Interbank and corporate sector demand for foreign currency weakens shilling: The Uganda shilling traded lower against the U.S. dollar on Thursday amid an uptick in foreign currency demand from interbank players and the corporate sector. Commercial banks quoted the USD/UGX pair at 3700/3720 higher than Wednesday’s close of 3685/3705. Prior to the weekend, a weaker […]
The Uganda shilling strengthened against the U.S dollar on Tuesday bolstered by some hard currency inflows from agricultural exporters and remittances by Ugandans working abroad. In what was a relatively active day on the FX counters, the USD/UGX pair found comfort at the 3690/3710 levels from Monday’s close of 3715/3735. Today, a similar narrative is […]
CBAU MARKET NEWS 24 07 2018
The 7th edition of Vintage classic show scheduled for 28th July the commercial Bank of Africa (CBA) Uganda has announced. This year’s event is scheduled to take place on 28th July 2018 at the Sheraton Gardens. According to the event organizer and also the chairman of the Uganda Vintage classic Auto show Dr. John Baptist […]
The Uganda shilling extends week’s gain against U.S. dollar on Friday The Uganda shilling extends week’s gain against U.S. dollar on Friday helped by dollar inflows from charities and downcast demand from commercial banks and corporates as the latter settled tax obligations. The local unit end the week stronger against the U.S. dollar at the […]