The Uganda shilling was largely unchanged against the dollar in today’s session, holding at 3,645/3,655, according to the Monday’s Absa Bank Market Report. Trading was characterized by subdued dollar demand, with most corporate players remaining on the sidelines as market activity continues to recover in the early days of the new fiscal year. Inflows from…
The Uganda shilling registered gains during the week supported by end of Financial Year tax conversions, dollar inflows from remittance firms, commodity exporters, and offshore players amid subdued corporate demand. According to Absa Bank Uganda’s weekly market report, the local unit seen trading at 3645 / 3655 levels on Friday morning, stronger than the week’s…
The Uganda shilling traded on a stable footing today, with balanced demand and supply conditions keeping the market largely unchanged, according to Wednesday’s Absa Market Report. Market participants remained focused on the first government bond issuance of the new fiscal year. The currency opened and closed at 3660/3670. In the money markets, liquidity conditions remained…
The Uganda shilling was unchanged against the dollar in a quiet trading session, with market activity remaining subdued as corporate participants focused on meeting fiscal year-end tax obligations. This is according to Absa Bank’s Tuesday Market report. The market activity kept most players on the sidelines, resulting in limited market flows. The pair opened…
The Uganda shilling traded under pressure during the week driven by sustained corporate demand amid weaker dollar inflows, according to Absa Bank Weekly Market Report. Dollar supply from entities paying end of Financial Year taxes wasn’t sufficient to offer support to the local unit. Additionally, offshore investor appetite for the foreign currency remained elevated amid…
The Uganda shilling pared back some of the losses recorded earlier in the week, supported by subdued dollar demand and a renewed influx of foreign currency supply on the interbank market, according to Thursday Market Report by Absa Bank Uganda. The local unit found footing as corporate dollar demand remained relatively light. The USD/UGX pair…
NEMA ED, Dr. Akankwasah Barirega hands Absa’s Pamela Turyatunga the Green Financial Institution Award recognising the bank’s efforts in sustainable financing & environmental stewardship. Courtesy photo Absa Bank Uganda has been recognised as the Green Financial Institution of the Year at the third edition of the National Environment Management Authority (NEMA) Sustainability Awards, held last…
The Uganda shilling continued to trade under pressure today, primarily driven by sustained corporate demand amid weaker dollar inflows, according to Wednesday Absa Bank Uganda Market report. Additionally, offshore investor appetite for foreign currency remained elevated amid global dollar strength. The unit closed the day trading at 3705/3715, softer compared to the opening levels of…
The Uganda shilling came under depreciation pressure during today’s session, driven primarily by resurgent dollar demand from local corporates, according to the Absa Bank Market Report. At the same time, subdued dollar inflows provided limited support to the local unit, further weighing on its performance. The currency opened trading at 3650 / 3670 and weakened…
The USD/UGX pair maintained a steady tone throughout today’s trading session, supported by a well-balanced interplay between dollar demand and supply, according to Monday’s Absa Bank Uganda Market Report. The currency opened the week at 3645 / 3655 and remained unchanged at the close, with no dominant pressure from either side of the market. Liquidity…
