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Tag: U.S Dollar

Markets

The shilling weakend against the U.S dollar on Thursday as dollar demand persists

29th June 201829th June 2018 EABW EditorComment(0)

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 […]

Markets

The Uganda Shilling closed the week stronger against the USD

16th April 2018 EABW EditorComments(7)

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, […]

Markets

The Uganda Shilling shows resilience against U.S dollar

11th April 201811th April 2018 EABW EditorComments(6)

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, […]

Markets

Shilling stable against USD as BOU maintains lending rate

11th April 2018 EABW EditorComments(8)

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 […]

In the market

Standard Chartered launches Offshore Mutual Funds
Africa Markets

Standard Chartered launches Offshore Mutual Funds

23rd January 202323rd January 2023 Godfrey Ivudria Comment(0)

Kampala, Monday, 23rd January 2023: Standard Chartered Bank Uganda has today launched an offshore Mutual Funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani and Keith Kalyegira, the CEO, Capital Markets Authority among other executives. With this proposition, the Bank’s clients will enjoy access […]

Kenya’s Economy to Slow Down at 5% in 2023

Kenya’s Economy to Slow Down at 5% in 2023

23rd January 202323rd January 2023 Godfrey Ivudria Comment(0)

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