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 Projections (April 4 to April 8, 2022)
Tag: Forex Exchange Uganda
STEPHEN KABOYO: Expect A Mild Weakening Tone For The Local Currency
The shilling is expected to trade with a mild weakening tone as seasonal demand gradually picks up as importers begin placing end of year merchandise orders.
Read MoreSTEPHEN KABOYO: Shilling Will Likely Hold At Current Levels
Outlook suggest that shilling will likely hold at the current levels as muted demand from importers continue to underpin the currency.
Read MoreSTEPHEN KABOYO: Fresh Lockdown Could Trigger Further Mild Currency Sell-off
Forecast suggest, the fresh lockdown could trigger further mild currency sell off. However on the general market outlook, as the end of the financial year gets closer, scant appetite for forex is expected as most corporate players will be focusing on end of year tax payments.
Read MoreSTEPHEN KABOYO: Commentary On The Shilling Amid New Covid Measures
Outlook of the shilling indicate mild volatility as the country contends with surging Covid infections and the likelihood for more aggressive measures to contain the pandemic.
Read MoreSTEPHEN KABOYO: Uganda Shilling Could Strengthen On Second Wave Of COVID19
the overall trend indicate a firm shilling against a backdrop of the second wave of COVID 19, that is disrupting business activity. While on the monetary policy front, the Central Bank is expected to maintain an accommodative policy bias at its upcoming meeting.
Read MoreSTEPHEN KABOYO: Local Currency Outlook Range-Bound
Outlook for the local currency indicates a range-bound unit ahead of the FY 21/22 budget pronouncements.
Read MoreSTEPHEN KABOYO: Outlook For The Uganda Shilling Indicate Volatility
Outlook for the shilling indicate volatility as the financial year draws to a close . Other economic fundamentals including the projection that inflation would edge higher
Read MoreStephen Kaboyo: Shilling Likely To Extend Its Slow Decline On Persistent Dollar Demand
The shilling weakened mid week on the back of a surge in demand breaking a two week bullish spell. Demand was mainly from energy and manufacturing sectors.
Read MoreUganda Shilling Depreciates Against Dollar as BoU Mops up sh450b
The shilling depreciated during Wednesday’s trading session to close the day at 3665/3675, marginally weaker from the day’s opening of 3660/3670.
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