The 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 More
The 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
Read More
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
Read More
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
Read More
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
Read More
After a string of losses in last couple of weeks, the local currency took a breather. The shilling stabilized, trading in a narrow range of 3785/3795 . Demand remained subdued amid tight liquidity conditions. As part of its open market operations, the Central Bank was in the market mopping up
Read More
After a turbulent week, the local currency recouped some of its losses on account of receding dollar demand rising hopes that a torrent of selling risk assets may have run its course. The shilling pulled back, crossing the support level of 3900, to trade at 3870/3880 at the close of
Read More
The Uganda shilling continues to post significant losses as market swings into a panic mode driven by the uncertainty over the potential economic fallout of the Corona pandemic. On Tuesday March 24, 2020, Bank of Uganda (BoU) quoted the local unit trading at 3893.33/3903.33 against the US dollar. "The local
Read More
The local currency was under tremendous pressure as the market swung into a panic mode driven by the uncertainty over the potential economic fallout of the Corona pandemic during the week ending March20, 2020. The shilling dropped to a record level, past the key level of 3800. BOU back to
Read More
The Uganda shilling nursed losses on banks/ corporate driven demand, as risk aversion was the dominant theme in currency markets. During the week ending 13th March 2020, the local unit consistently traded above 3700 key level on both sides of the market, with strong indication that the market was likely
Read More
