Shilling holds steady on month end flows

The Uganda shilling maintained its trading range during Tuesday’s session as month-end flows covered the corporate demand for the dollar that trickled into the market, traders said.

The unit traded within the 3590 – 3600 trading range during the quiet day of trading.

Money markets were liquid according to Absa with overnight yields at averages of 6.50%.

The Bank of Uganda will hold a sh220 treasury bill auction on Wednesday.

Source: New Vision

Releated

Uganda scoops three international tourism awards

Uganda has been crowned this year’s Grand prix and two times gold award by the International Tourism Film Festival Africa (ITFF) for its film, Explore Uganda- The Pearl of Africa.The event which was held in Cape Town, South Africa saw Uganda’s short f…

Shilling remains weak as BOU mops sh305b excess cash

The Uganda Shilling remained weak during Thursday’s session on continued interbank and pockets of corporate demand for dollars, traders said.The local unit closed the session at the 3555/3565 levels per dollar.Money markets were liquid according to Abs…