The Uganda shilling extended its losses today touching the session’s low of 3920 / 3930 in the mid-trading hours of the day before retracing, closing the day at UGX 3890 / 3900 levels, according to Absa Bank daily market report. Demand was primarily driven by corporates in the manufacturing, energy and telecom sectors, with offshore…
The Uganda shilling came under pressure this week against the US dollar, opening stable at 3775/ 3785 as dollar demand from importers and corporates was adequately matched by inflows from exporters and remittance companies. According to Absa Bank weekly market report, the local unit came under increasing pressure from Tuesday as strong corporate and interbank…
The Uganda shilling remained stable against the dollar in today’s trading session, trading at 3775 / 3785 levels all day, according to Monday’s Absa Bank market report. The currency’s stability was largely supported by balanced market flows, with demand for dollars from importers and corporate players being adequately matched by inflows from exporters, remittances, and…
The Uganda shilling experienced a volatile but relatively stable week against the dollar, opening Monday at 3770 / 3780 and closing the week marginally weaker at 3775 / 3785, according to Absa Bank Uganda’s weekly market report. According to the report, the local currency initially depreciated to 3780 / 3790 amid sustained interbank and corporate…
The Uganda shilling was marginally weaker against the dollar in today’s session, with the pair closing at 3775 / 3785, compared to opening levels of 3770 / 3780, according to Absa Bank market report for Wednesday. The slight depreciation was driven by corporate dollar demand, which moderately outpaced existing hard currency supply in the market….
The Uganda shilling recovered some of the losses recorded earlier in the week, supported by a slowdown in corporate demand for the Greenback, which helped ease pressure on the local unit, according to Absa Bank Monday market report. The currency strengthened during the session, closing at 3770 / 3780 compared to opening levels of 3785…
The Uganda shilling extended its depreciation streak against the US dollar in today’s session, weighed down by sustained interbank demand for the greenback, according to Absa Bank Uganda’s Monday market report. Ongoing geopolitical tensions in the Middle East, including renewed exchanges between the US and Iran, did little to support the local currency. End-month inflows…
The Uganda shilling experienced a volatile month against the US dollar, initially appreciating before reversing course sharply toward the end of the period, according to Absa Bank Uganda weekly market report. Richard Nsubuga, the bank’s Ag. Head of Trading says the local currency opened the month at 3745 / 3755 and steadily strengthened to a…
Uganda’s latest Treasury bond auction attracted more than Sh1 trillion in accepted bids, with investors showing particularly strong appetite for the five-year government security. The Bank of Uganda offered Sh990 billion through the reopening of three Treasury bonds; a two-year, five-year and 15-year paper at an auction held on August 26. By the close of…
The Uganda shilling weakened further today, depreciating from opening levels of 3735 / 3745 to close the day at 3750/3760 against the dollar, according to Thursday Absa Bank market Report. The bank’s acting Head of Trading Richard Nsubuga attributes the decline was driven to strong corporate demand for hard currency from the energy, manufacturing, and…
