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: Stephen Kaboyo
STEPHEN 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
The Uganda shilling was relatively volatile as it responded to the demand and supply imbalances in the market. Investor sentiment and trading moves were see-sawing most of the sessions. Trading was in the range of 3510/20.
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