The local currency held firm with demand and supply dynamics evenly balanced during the week ending June26, 2020. Trickle in supply from charities was seen, but did not drive any momentum against subdued market activity. Bid and ask held at 3732/3742. While in the interbank shilling market, liquidity levels remained
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It was sideways trading for the local currency, staying fairly stable with no distinct trend as supply and demand remained evenly matched during the week ending June19, 2020. The shilling was further backstopped by the Central Bank monetary operations that mopped up excess liquidity in the money markets. The bid
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The local currency was range bound in a market characterized by minimal activity during the national budget week with markets keenly following new pronouncements that would define the direction of the unit going forward. The shilling was quoted at 3730/40 on the bid and ask.The interbank shilling was awash with
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The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 during the week ending May22, 2020. The local currency was supported by hard currency flows from the treasury auction and commodity exports amid depressed importer demand for
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The Uganda Shilling strengthened slightly on improved forex supply coupled by BOU mop operations that removed from the system 690 billion equivalent to 182 million dollars through REPO transactions and a deposit auction. Closing quotes for local currency in the week ending May 15, 2020 were at 3785/95 compared to
Read MoreThe Uganda Shilling closed the week steady riding on the positive sentiment generated by the news of IMF disbursement of Shs1.8 trillion designed to assist the country deal with the economic effects of COVID 19. Trading was in the range of 3795/3805 during the week ending May08, 2020. In the
Read MoreThe Uganda Shilling traded sideways with no distinct trend as market activity remained curtailed due to COVID 19 effects on the broader economy. At the close of week, the shilling was quoted at 3800/3810.In the fixed income segment, there was no primary auction, market activity was restricted to the secondary
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It was range bound trading for the local currency. At the opening bell, UGX was stable, but ceded some ground mid week as pockets of demand emerged mainly from corporate players. Trading was in the range of 3780/3790 during the week ending April24, 2020. Towards the end of the trading
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The forex market was calm with the local unit trading flat for most of the trading sessions as market activity was at the lowest ebb. Market players were seen on the fence as demand dipped due to the lockdown. Trading was in a narrow range, holding at 3765/3775 on the
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Following a short lived rebound early in the week, the local currency fell to a weekly low, testing the resistance level of 3800,undercut by a pickup in demand from market players as risk sentiment deteriorated on account of a negative report indicating that exports declined by 8.7%, which meant minimal
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