Currency update from Tuesday’s session
The local currency traded at 3595 / 3605 levels all day. Money markets were liquid with overnight trades averaging at 9.78%, while one week at 9.00% according to Absa data.
Currency update from Tuesday’s session
By Ali Twaha
Journalists @New Vision
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Traders said balanced demand and supply were subdued on Tuesday, keeping the Uganda shilling at bay.
The local currency traded at 3595 / 3605 levels all day. Money markets were liquid with overnight trades averaging at 9.78%, while one week at 9.00% according to Absa data.
The Bank of Uganda will Wednesday (June 18) conduct the last treasury bill auction of the current financial year, where a total of sh355b will be offered.
In the global markets, the U.S. dollar edged higher on Tuesday with risk sentiment remaining fragile as the Israel-Iran conflict continues.