Shilling closes day weaker
The shilling closed Tuesday’s session at the 3720/3730 levels - having opened the day at the 3715/3725 levels and briefly touched lows of 3730/3740 intraday. According to Catherine Kijjagulwe, Head of Trading at Absa Bank
The shilling closed Tuesday’s session at the 3720/3730 levels - having opened the day at the 3715/3725 levels and briefly touched lows of 3730/3740 intraday. According to Catherine Kijjagulwe, Head of Trading at Absa Bank
The shilling weakened briefly during Wednesday’s session to touch levels of 3690/3700, having opened trading at 3680/3690. This was driven by some demand pockets but flows in the afternoon led it to close the day
The last trading day of the month was quiet overall, with the shilling closing the day at the 3665/3675 levels from the day’s opening of 3660/3670 driven by some pockets of interbank and Corporate demand.
Healthy inflows from commodity exporters, interbank and NGOs led to a marginal strengthening of the shilling to close Wednesday’s session at the 3710/3720 levels from the day’s opening of 3725/3735, a report by Catherine Kijjagulwe,
The local unit started the week on a strong footing supported by dollar inflows from commodity exporters, as corporate demand continued to lie low, a report by Richard Nsubuga, a Trader in CIB Markets department
The shilling strengthened during Friday’s session to close the day at the 3725/3735 levels from opening levels of 3740/3750, a report by Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda indicates. The session was
The shilling maintained its winning streak through Wednesday's session as continued healthy flows that outweighed the demand side led to its appreciation to close the day at the 3770/3780 levels from opening levels of 3785/3795,
Inflows remained healthy throughout the first trading day of the new month leading to further shilling strength to touch highs of 3775/3785 during the day's session, but later closed the day at the 3785/3795 levels,
There was some activity was seen during Friday’s overall session with the shilling gaining marginally to close the day’s session at the 3800/3810 levels as month-end inflows outweighed demand side activity, a report by Catherine
Uganda’s real GDP expanded 4.9% in the second quarter of the year, marginally weaker than the previous quarter’s 5.1%, following a marked moderation in import taxes, according to the SSA Macroeconomics Research Instant Insights Report