Currency updates from Tuesday’s session
The shilling is anticipated to trade within the 3580-3650 range in the near term.
The Ugandan shilling was unchanged against the dollar on Tuesday.
By Ali Twaha
Journalists @New Vision
KAMPALA - The Ugandan shilling was unchanged against the dollar on Tuesday, opening and closing at 3590/3600 on the back of balanced trading activity between buyers and sellers of the hard currency.
Traders said dollar inflows from commodity exports and residual end-of-month inward diaspora remittances have kept the local unit in this strong region, with an overall bias to keeping the currency pair range-bound and hovering around the 3600 handle.
The shilling is anticipated to trade within the 3580-3650 range in the near term.
Money markets remained liquid during Tuesday’s session, according to Absa, with overnight and one-week trading at the averages of 8.60% and 10.33%, respectively.
The Central Bank is scheduled to hold a treasury bill auction on Wednesday, 02nd July 2025, with a total of sh355b on offer for 91-Day, 182-Day, and 364-Day tenors.