Uganda Shilling Holds Steady Amid Global Economic Uncertainty
The Uganda shilling remained stable against the US dollar over the week, trading within the 3765/3775 range, unchanged from its opening levels, according to Richard Nsubuga, Acting Head of Trading, CIB Markets at Absa Bank Uganda. He attributed the stability to a balance between demand and supply in the foreign
Shilling Firms on Improved Global Sentiment as Ceasefire Eases Market Pressure
The local currency recorded gains over the week, supported by improved investor sentiment following geopolitical developments in the Middle East, where a fragile two-week ceasefire was agreed. The shilling traded firmer on Friday morning at 3695/3705, strengthening from the week’s opening levels of 3740/3750. Market activity remained subdued, with interbank
