BY CBA The Uganda shilling resumed its downward trend against the U.S dollar undermined by an uptick in greenback demand from the corporate sector and commercial banks. The USD/UGX pair closed within the 3870/3890 band from 3860/3880 on Wednesday. On the last trading day of the Financial Year 2017/2018, market chatter alludes to a relatively […]
KAMPALA, Uganda–The Uganda shilling ended the week on a stronger note against the U.S dollar as interbank players unwound long dollar positions amidst reduced foreign currency demand as corporate firms settled mid-month tax obligations. The USDUGX pair shed off a few shillings to close within the 3682/3702 band from previous comfort 3685/3705 levels. This week, […]
KAMPALA, Uganda–The Uganda shilling traded stable against the U.S dollar on Thursday, partly supported by a local currency tightening operation by the Central Bank. The USDUGX pair owed solidity to low dollar demand from both inter bank players and importers from the manufacturing, telecom and energy sectors. The pair was quoted at the 3685/3705 levels, […]
KAMPALA, Uganda–The Uganda shilling traded flat at the 3685/3705 levels against the U.S Dollar on Monday, as the Central Bank of Uganda maintained its key benchmark lending rate at 9.00 per cent. The regulator noted that risks to inflation were balanced and inflation was expected to rise gradually to around 5 percent by the end […]