Sam Sanya
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,
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It was a quiet session on Wednesday with the shilling trading within a narrow range between the 3637/3647 levels according to a report by Catherine Kijjagulwe, Head of Trading at Absa Bank Uganda. “Demand and
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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 safe-haven U.S. dollar hovered near
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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 by Centenary Bank indicates. Sterling
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The dollar plunged overnight after U.S. consumer prices were unchanged in July compared with June, when prices rose a monthly 1.3%. The July result was lower than expectations due to a sharp drop in the
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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. interest rate rises will be
