The Uganda Shilling was relatively stable bolstered by end month conversions amid low market demand the week ending 1st December 2017. Trading was in the range of 3620/3630. In the interbank, liquidity remained high with overnight rate dropping to 7.5% while one week traded at 9.5%. In other economic news, Inflation continued
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During the week ending 24th November 2017, the Uganda Shilling maintained a strong foothold despite pockets of demand that emerged from corporates and interbank towards the close of the week. In the early part of the week there were improved inflows in the market mainly from exports and NGO's that
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The Uganda Shilling held firm amid subdued demand as most corporates stayed out of the market on account of mid month tax payments during the week ending 17th November 2017. Trading was in the range of 3630/3640. In the interbank money market, there was plenty of liquidity. Bank of Uganda held
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The Uganda Shilling strengthened and registered substantial gains in the week ending 10th November 2017 in what was seen as market correction after overshooting through key support levels due to sentiment related to political uncertainty in the region. Trading was in the range of 3610/3620. In the money markets, there
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The Uganda shilling was volatile in the early part of the week ending 3rd November 2017, but later stabilized as corporate and interbank demand fizzled out. Trading was in the range of 3650/3660. A week earlier, the Uganda shilling drifted in narrow range after hitting a near two year low as
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The Uganda shilling drifted in narrow range after hitting a near two year low as a result of the Central Bank intervention that was triggered by demand pressures during the week ending 27th October 2017. Trading was in the range of 3655/3665 during. Market players remained square to long, taking a
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After months of stability, the Uganda Shilling continues to lose ground. During the week ending 20th October 2017, trading was in the range of 3645/3655. In the early part of the week, the Shilling was under immense pressure on account of strong demand from the interbank ,as commercial banks rushed
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Nairobi Securities Exchange (NSE) investors yesterday lost KSh11.44 billion (over UShs388bn) as the cloud of political uncertainty that has persisted since the September 1 nullification of the presidential election intensified with news that electoral agency commissioner Roselyn Akombe had resigned and fled the country, reports the Daily Nation. Dr Akombe’s decision
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The Uganda Shilling weakened and breached the key resistance level and traded above the 3600 during the week ending 13th October 2017, driven by the surge in demand from importers and inter-bank. After months of stability, trading was in the range of 3620/3630. In inter-bank money market, overnight funds traded
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The Uganda shilling was relatively stable following the Central Bank slight reduction of the policy rate from 10% to 9.5% during the week ending 6th October 2017. Market demand and supply dynamics were at par, with some players seen building positions ahead of a short trading week of independence holiday.
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