Currency update from Monday’s session

There was very limited activity from dollar buyers as inflows remained robust according to Absa traders. 

Money markets were liquid during Monday’s session with overnight yields at averages of 8.94%. The Bank of Uganda is scheduled to hold a Treasury bond auction on July 9, 2024, with three tenors on offer 2 years, 5 years, and 15 years, and the amount on offer will be shillings 990b.