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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 […]
Shilling stable as Uganda kicks off new Financial Year
A dearth in market activity left the USDUGX currency pair stuck within what is now a familiar furrow in Friday`s and early Monday Morning trading sessions. Market participants were slow off blocks, leaving the pair within the 3680/3710 on account of subdued albeit matching flows on both the supply and demand counters. We expect activity […]
Local unit eases against foreign counterpart on petite forex volumes
The Uganda Shilling eased against its foreign counterpart on Thursday as petite volumes in the forex market limited any movements in the currency duo. The USD/UGX pair steadied at the 3680/3700 levels. Ahead of the weekend, a similar narrative is expected to hold as traders await fresh factors to give the shilling direction amid a […]