Currency updates from Tuesday’s session
Traders said inflows were matched off by the demand from manufacturing and energy sectors.
The local unit is still anticipated to trade within the 3570-3620 range in the near term.
By Ali Twaha
Journalists @New Vision
KAMPALA - The Ugandan shilling was stable on Tuesday ahead of the treasury bill auction, opening and closing at the 3580/3590 levels underpinned by relatively better US dollar inflows from commodity exporters.
Traders said inflows were matched off by the demand from manufacturing and energy sectors. The local unit is still anticipated to trade within the 3570-3620 range in the near term.
In global markets, the U.S. dollar rose once again Tuesday, while the euro slipped further in the wake of the U.S.-EU trade agreement.
In the crypto space, Bitcoin continued to consolidate between $116,000 and $120,000.