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Dollar edges lower as labour data falls short
Matching flows dominated the majority of Tuesday’s session as the local currency oscillated within a tight range against the dollar albeit with a slightly bearish bias. Supply from both corporate and interbank players just about nudged ahead of foreign currency demand to see the home unit end the day at 3660-3690 band same as the […]
Shilling movement against dollar remains constrained
The Uganda shilling’s movement against the U.S. dollar remained constrained within the 3680-3710 band on Thursday. The session saw minimal activity across the counters that just about evened out on the day, with USDUGX pair closing the day unchanged from previous day’s close. Ahead of the weekend, the local unit is likely to continue trading […]
Dollar rides bullish housing data higher
A persistent lack of dollar demand continued to boost the performance of the shilling against the dollar on Friday. With supply for foreign currency outweighing dollar buyers, the home unit stood tall against the greenback throughout the session holding at the 3660-3690 band by the closing bell. As the dearth in foreign currency demand ensues, […]