Shilling starts week on strong footing
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…
Shilling firms as hard currency flows in
The shilling maintained trading within the 3775/3785 levels throughout the day on Tuesday with balanced activity on the supply and demand side, a report by Catherine Kijjagulwe, the head of…
Shilling strengthens further in first week of November on low import demand.
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…
Shilling strengthens as November starts
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…
Bank of Uganda to auction UGX 285billion as shilling loses ground
Volatile trading during an overall quiet Friday session saw the shilling losing some ground to close the day a tad weaker at the 3810/3820 levels driven by pockets of interbank…
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 gains ground amidst dollar inflows
There was continued quiet trading during Wednesday’s session as the shilling gained some ground to close the day at the 3810/3820 levels with limited activity on the demand side that…
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…