The Uganda Shilling traded lower at the 3795/3805 levels against the U.S dollar on Tuesday as increased bustle on the greenback demand counters dominated mostly muted supply activity. The central bank absorbed excess liquidity from the local money market through a 2-day repo. However, this did little to offset bearish sentiment on the home unit […]
BY CBA KAMPALA, Uganda–The Uganda shilling continues to gain against the U.S. dollar as greenback demand maintains it’s low-slung amidst relatively skewed liquidity in the money market. The USD/UGX pair levelled at the 3835/3855 levels on Thursday from 3840/3860 on Wednesday. Ahead of the weekend, it is plausible that the local currency would continue clamping […]
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 […]
BY CBA KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar amidst sustained greenback demand from commercial banks and the energy sector at last week’s close. In what was an active day on the FX counters, the USDUGX pair found comfort at the 3710/3730 levels from 3707/3707 levels previously. Emergent foreign currency […]
BY EABW REPORTER KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar on Friday amidst an upsurge in demand for the hard currency from the manufacturing sector and interbank players. The USD/UGX pair closed the week at the 3707/3730 mark from opening levels of 3703/3723. Relatively calm activity in the forex market […]
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 […]