The local currency weakened slightly against the dollar after opening the week relatively flat. Mid week market activity resulted in uptick in demand mainly driven by corporate players and interbank . Week closing quotes were at 3670/80 compared to opening levels of 3665/75. In the fixed income segment, a bond
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The Uganda shilling held steady on the back of the Central Bank decision to keep the Central Bank Rate (CBR) unchanged at 9%. “The neutral action generated a positive sentiment for the currency,” says Stephen Kaboyo, an analyst and Managing Director at Alpha Capital Partners. Market players quoted the shilling
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The Uganda shilling nursed losses on the back of elevated demand as commercial banks were seen building positions during the week ending 7th February 2020. The local unit opened the week stable but mid week the currency was in bearish territory trading at 3680/ 90 compared to opening levels of
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The Uganda shilling weakened slightly on uptick in importer demand by merchandise importers and interbank during the week ending 31st January 2020. At close of the week, the shilling was quoted at 3680/3690, a touch weaker compared to the week’s opening level of 3665/3675. In the interbank shilling market, overnight
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The Uganda shilling was wobbly at the end of the trading week ending January 17th 2019 undermined by elevated demand mainly from interbank as banks covered positions. Trading was in the range of 3685/3695. In the shilling money market, overnight funds quoted at 6% while one week held at 9%.
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The Uganda shilling started off to a flat start amid thin demand and as markets opened for the year. Remittances flow remained the main source of supply. Trading was in the range of 3660/3670 in the week ending January 3rd 2020. In the fixed income market, a Treasury bill auction
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Zimbabwe's central bank is due to begin circulating new banknotes on Monday, which it says will help to ease a severe cash shortage as the country suffers a deepening economic crisis. The bank has played down fears that the move will fuel inflation, insisting that the new two- and five-
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The Uganda shilling appreciated mildly in the last trading session of the week ending 8th November 2019 with improved forex supply as market demand became less intense. Trading was in the range of 3695/3705. In the interbank shilling market, overnight funds traded at an average of 6% while one week
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The Uganda shilling hit a bit of volatility, trading sideways as pockets of demand emerged amid low fx supply in the week ending 1st November 2019. The unit traded above the support level of 3700 for most sessions of the week. In the interbank money market, there was sufficient liquidity
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The shilling traded in a stable range in the week ending October 18, 2019 as mid month corporate taxes limited the demand for dollars in a tight market. Trading was in the range of 3673/3685. In the local shilling market, overnight funds quoted at 6% while one week funds traded
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