The US central bank recently announced its biggest interest rate increase in more than two decades in a bid to intensify its fight against inflation.
Read MoreUS Interest Tightening Expected To Weaken Uganda Shilling
Tag: Uganda shilling
STEPHEN 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 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: ‘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’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.
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.
Read MoreLocal Currency Weakens Against Dollar
The local currency was broadly stronger, oscillating in a narrow range amid receding dollar demand. The supply side was active with flows offering support.
Read MoreMoney Markets: Your Weekly Shilling Update With Stephen Kaboyo
The greenback was slightly weaker and the 10 year treasury yield slipped to the lowest in a fortnight.
Read MoreMoney Markets Projections: Stephen Kaboyo on the Impact of Fresh COVID-19 Restrictions from leading Economies on the Uganda Shilling
The shilling is seen on a firm footing, mainly underpinned by sagging demand as market players stay on the fence…
Read More