21 C
Kampala
Tuesday, May 23, 2017
- Advertisement -

The euro is now the second-most-active currency for trade finance

Since the launch of the first SWIFT RMB Tracker in November 2011, the Chinese currency –the Renminbi (RMB) has shown stellar growth for payments,...

Uganda Shilling to slide further

The Uganda shilling kept a weak tone and touched a 12 month low to trade above the key psychological level of 3600.   The unit has...

Uganda Shilling to gain some reprieve

The Uganda shilling was on the back foot undermined by interbank and corporate demand as well as anxiety of the surprise win of Trump in...

Uganda Shilling to remain bearish

The Uganda shilling wavered traded in volatile mode undermined by a surge in corporate and interbank demand amidst reduced in foreign exchange flows.   The currency broke through...

Uganda shilling to remain volatile

The Uganda shilling was on a losing streak in the first half of the week undermined by elevated demand levels but slightly gained  towards...

Uganda Shilling to hold

The Uganda shillings (Ugx) recouped some of its losses after a period of volatility that led the shilling to an eight month low.   The shilling strengthened...

Uganda Shilling in three month record low

The surge in demand for Forex in the last couple of weeks pushed the Uganda Shilling to a three month record low.   The shilling breached the key...

CBR for October: BoU expected to play a balancing act

The Bank of Uganda (BoU) has pursued it's objective of price stability in a very consistent manner and this has yielded good results.   To date ...

Panic buying expected, as the Shilling faces more pressure

The Uganda Shilling depreciated to a three month low as demand surged mainly from energy and manufacturing sectors and the interbank.   The shilling breached a key...

Uganda shilling to weaken in the coming days

The Uganda shilling weakened during the week as pressure from interbank and corporate activity gained momentum. Market players were seen building positions ahead of...