The local currency traded marginally stronger in the week ending July17, 2020, pulling away from the key technical level of 3700, with both counters trading below that level as supply conditions improved, against subdued demand. Bid and ask quotes were at 3685/95. With the prevailing minimal volatility, markets were anticipating
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The local currency traded marginally stronger against the dollar as the market witnessed very low appetite for the hard currency as economic activity remained subdued. The bid and ask quotes held at 3708/3718. The shilling interbank market remained awash with liquidity as overnight rates Hoover’s around 3% while one week
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The local currency remained marginally firm against limited market activity on both demand and supply counters trading in the range of 3720/30. In the shilling interbank money market liquidity remained adequate with overnight funds quoted at 3% while one week funds at 4.3%. In other notable economic news, inflation for
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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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