Currencies

The Uganda Shilling steadied following a weakening streak that saw the unit test record levels. The shilling firmed, reflecting subdued demand that prevailed for most of the trading week.  Sentiment toward the local currency was largely driven by a mix domestic factors on one part and external events, in particular

The Uganda shilling was on the back foot as demand mostly from merchandise importers surged midweek and drove the local unit to test record lows of 3730/50 during the week ending October 30, 2020. In the fixed income market segment, yields on government bonds edged higher on both 2 year

The local unit nursed losses as demand surged early in the week mainly from the corporate sector. At the close of the week, pressure had eased with quotes on both counters holding 3705/3715. In the fixed income market, government securities yields marginally dipped on the short end of the curve,

The local currency hit pockets of volatility in early trade but price action became less intense towards the end of week as demand subsided. Mid month tax payments did little to support the unit. Trading was in the range of 3700/3710 during the week ending October15, 2020.In the fixed income

It was choppy trading for the local currency during the week, with no clear established trend. In the early sessions, the shilling held up supported by portfolio flows targeting the government securities market, but later lost steam and weakened as demand rebounded. On the counters the shilling traded within a

The Uganda shilling tumbled to trade near a two month low undermined by a surge in corporate and importer demand as the country opened up its entry points. At the counters the local currency quoted at 3715/3725. In the fixed income market, the yields on 5 and 15 year bonds

The Uganda Shilling slid mid week and remained weak, retreating to a weekly low to trade slightly above the key level of 3700. USD/UGX pair was to a large extent sentiment driven as traders took positions in anticipation of stepped up demand ahead of opening up of the country’s borders

The local currency traded flat due to limited forex trading as mid month tax payments took the better part of the market. Quotes held in the range of 3687/97 on the bid and ask during the week ending September 18, 2020. In the fixed income space, there was no primary

The local currency backtracked mid week pausing the stable stance in the previous sessions. The shilling breached a key level of 3700 on the sell side as demand surged mainly from importers, retail and energy players. Supply side remained subdued.The fixed income market segment continued to register significant demand that