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Currency updates from Monday’s session

Money markets were relatively liquid, according to Absa data with both overnight and one-week funds averaged at 11.00%.

Currency updates from Monday’s session
By: Ali Twaha, Journalists @New Vision

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The Uganda shilling traded stronger Monday at 3655 / 3665 levels with subdued corporate demand experienced during the session.

Money markets were relatively liquid, according to Absa data with both overnight and one-week funds averaged at 11.00%.

In the global currency market, gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the precious metal's history.

Tags:
Uganda shillings
Money markets
Uganda economy