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)
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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 To Experience More Volatility
The Uganda surrendered some ground, undercut by a surge in dollar demand from offshore buyers, oil and merchandise importers. The unit traded just above the 3600 key level for most of the trading sessions.
Read MoreSTEPHEN KABOYO: Uganda Shilling Broadly Unchanged
The Uganda shilling was broadly unchanged, but keeping a defensive posture due to on and off demand for dollars. The unit held within a range of 3515/25.
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: Currency Projections Ahead Of Festive Season
The Uganda shilling maintained a stable stance underpinned by remittance flows amid subdued import demand. Trading was in the range of 3560/70.
Read MoreUganda Shilling Expected To Remain Slightly Firmer – Stephen Kaboyo
In the coming days the local unit is expected to remain slightly firmer, drawing benefit from a weaker dollar, and end month flows that will lift supply levels.
Read MoreSTEPHEN 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: ‘Trend Of The Uganda Shilling Suggest A Stable Tone’
The interim trend of the Uganda shilling suggest a stable tone, with major markets players choosing to remain square ahead of the policy rate announcement expected on August 16, 2021.
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.
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