Currencies

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

A stronger dollar and domestic economic dynamics weighed on the currency mid week during the week ending September04, 2020. The shilling gave back some gains of the previous session to trade at 3685/95 compared to 3670/3680 at opening of the week. The fixed income segment continued to lure investors hungry

The local currency was stable at opening session of the week but slightly weakened mid week on the back of uptick in demand mainly from the manufacturing sector and retail business. The shilling later recovered and the market pared gains with bid and ask at 3665/3675. In the fixed income,

The local currency held firm supported by the Central Bank open market operations that creamed off excess liquidity creating a stable short term outlook during the week ending August21, 2020.  On the supply side improved inflows mainly from tea and coffee added to the stability stance. The shilling traded at

The Uganda shilling remained stable as demand was dented by mid month tax payments that kept corporates out of the market during the week ending August 14, 2020. Bid and ask held at 3670/80. In the fixed income market, relatively good yields continued to lure both local and foreign investors