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Pound surges as Farage pledge not to fight Tories
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 […]
Local unit trades relatively flat against dollar
The shilling traded relatively flat versus the greenback in what was a dull start to the week. The home unit was little changed against the dollar in a session that saw both demand and supply equally matched. Dollar demand from corporate and interbank players tipped the scale slightly in the afternoon and helped the USDUGX […]
Dollar gains amid markets discontent with European Central Bank
Increased dollar demand saw the Uganda shilling edge lower against the U.S. unit on Thursday. The home unit was down 5 shillings, with the USDUGX currency pair closing the day at the upper range of the recently established 3705/3725 farrow, on the back of increased activity on the foreign currency demand counter. We see competing […]