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Shilling shaken by surge in dollar demand

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 said. Centenary Bank quoted the

Markets
Weak dollar appetite improves shilling

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 safe-haven U.S. dollar hovered near

Markets
Ugandan Markets await US inflation data

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. interest rate rises will be

Markets
Shilling strengthens on Tuesday

Shilling strengthens on Tuesday

The Ugandan shilling slightly firmed on Tuesday amid slight demand for dollars from commercial banks and importers, a report by Centenary Bank pointed out. Commercial banks quoted the shilling at 3,870/3,880 per dollar, stronger than

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