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The Uganda Shilling traded slightly weaker against U.S dollar on Thursday
KAMPALA, Uganda–The Uganda Shilling traded a tad lower at the 3705/3725 levels versus its U.S dollar counterpart on Thursday as increased bustle on the greenback demand counters dominated mostly muted supply activity. Losses in the home unit were however limited by the regulator’s monetary tightening action, absorbing Ugx 550 billion of excess liquidity from the […]
Shilling in seesaw mood against US Dollar as week closes
The home unit seesawed between gains and losses in the previous trading session, ending the day unchanged versus its American counterpart. Early trading saw the shilling advance marginally against the dollar on the back of augmented inflows. As the session progressed foreign currency buyers retreated from the sidelines to take advantage of the low levels […]
Declined dollar demand strengthens Shilling trading
The shilling strengthened further versus the greenback in yesterday’s trade on account of abated dollar demand. The local currency’s march north was sound throughout the session on the back of increased foreign currency inflows with importers staying on the sidelines. Today, the current trading ranges continue to be mainly flow driven with fundamentals taking a […]