Shilling strengthens on dollar inflows
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,…
Dollar inflows prop up shilling
Tuesday’s session was quite active with some pockets of Corporate demand that were eventually outweighed by inflows from NGOs and Commodity exporters, Catherine Kijjagulwe, the Head of Trading at Absa…
Bank of Uganda mops Ugx45 billion on Thursday
The shilling continued to swing within a narrow range, closing the day at 3805/3815 from opening levels of 3810/3820 as dollar inflows from NGOs and exporters were matched with Corporate…
Shilling unstable with bias towards depreciation – report
The Ugandan shilling was stable on Tuesday although it was seen firming amid a slowdown in appetite for hard currency, a Centenary Bank report said. Centenary Bank quoted the shilling…
Shilling projected to strengthen
The Ugandan shilling fell slightly on Friday weighed down by an increase in foreign currency demand mostly from companies in the energy and manufacturing sectors, a report by Centenary Bank…
Shilling stronger as appetite for hard currency wanes
The Ugandan shilling was firmer on Thursday as appetite for hard currency waned on the interbank market, traders said. Centenary Bank quoted the shilling trading at 3710/3850 buying and selling…
Shilling shaken by surge in dollar demand
The Ugandan shilling edged down on Wednesday, undercut by demand for hard currency from players in the interbank market looking to beef up their positions, a report by Centenary Bank…
Weak dollar appetite improves shilling
The Ugandan shilling traded a notch firmer on Monday as weaker hard currency appetite by merchandise importers lent support to the local currency, a report by Centenary Bank indicates. “The…
Shilling strengthens as appetite for hard currency dulls
The Ugandan shilling strengthened on Thursday, buoyed by slowing appetite for hard currency from importers and some healthy inflows from exporters of tea, cocoa, coffee and other commodities, a report…
Ugandan Markets await US inflation data
The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red hot that steep U.S.…