The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week momentum and traded at 3550/60.
Read MoreSTEPHEN KABOYO: Uganda Shilling Projections (May 2 to May 6, 2022)
Tag: Currency Projections
STEPHEN KABOYO: Uganda Shilling Projections (April 4 to April 8, 2022)
The Uganda shilling traded firmer, propped up by end month flows that improved supply levels amid subdued demand. Bid and ask held at 3585/95.
Read MoreSTEPHEN KABOYO: Uganda Shilling Currency Projections For The Next Five Days
Outlook for the shilling indicate range bound trading as the unit struggles to find momentum and any real direction.
Read MoreStephen Kaboyo’s Weekly Currency, Markets Predictions
The local currency was firmer after marginal losses early in the week, with the recovery guided by subdued market activity as mid month tax obligations took center stage.
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