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Shilling plunges lower than foreign counterpart
The Uganda shilling swooped lower against its foreign counterpart on Wednesday amid balanced and minimal activity on the demand and supply counters. The shilling traded within the 3720/3740 band as dollar demand from interbank players posed some threat to the local unit in the mid- session. Outlook remains towards a weaker currency with the USD/UGX […]
MARKETS: The shilling closed the week strong against USD
KAMPALA, Uganda–The Uganda shilling was unchanged against the U.S dollar at last week’s close, supported by hard currency inflows from commodity exporters amidst waning importer and interbank demand. The USDUGX duet was detained within the 3685/3705 levels. This week, market sentiment alludes to a relatively stable pair as mid-month tax payments offer support to the […]
Shilling trades relatively flat versus greenback
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 […]