Tuesday, August 9, 2022
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Market watch: Outlook for the Uganda shilling remains grim

The Uganda shilling weakened early in the week and later recouped some losses in choppy trading as mid-month tax payments took away appetite for...

Frail economic backdrop, pressure from offshore investor sell off to continue...

The Uganda shilling was set to end the week mostly flat, a bit firmer cushioned by tight liquidity conditions mainly on account of end...

Shilling forecast: long term momentum indicator reveals high risk of further...

The Uganda shilling edged lower against the dollar as the market remained pressured by mainly offshore demand and pockets of demand from energy and...

Uganda shilling: imbalances driving the unit weakness not about to abate...

The Uganda shilling continued to battle a range of headwinds surrendering gains post Bank of Uganda intervention. Foreign portfolio disinvestment was the main driver...

Bank of Uganda intervenes to save struggling shilling

The Uganda shilling was under stress trading above the key psychological level of 3800 for the first time in months. Towards closure of the...

Uganda shilling posts sharp losses

The Uganda shilling posted sharp losses buoyed by a surge in demand from commercial banks, manufacturing and energy sectors. The unit broke through key...

US dollar hits its highest in 02 decades against the major...

The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week...

Shilling to sustain a positive stance: benefiting from reduced global risk,...

The Uganda shilling traded with a mild appreciation bias following a dovish Bank of Uganda monetary policy decision to keep the policy rate...

Uganda shilling drops further; expected to slump into a new support...

Uganda shilling drops further; expected to slump into a new support level The Uganda shilling tumbled further, undermined by a surge in demand from...

Uganda Shilling weakens largely on the news of Russian invasion

After trading in sanguine manner for most the trading sessions, the shilling showed signs of weakness largely on the news of Russian large scale...
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