Business
Dollar gains slightly in Wednesday's session
Money market conditions remained tight on Wednesday, according to Absa data with overnight and one‑week rates averaging 10.27% and 10.67%, respectively.
Dollar gains slightly in Wednesday's session
By: Ali Twaha, Journalist @New Vision
______________
The greenback posted gains against the shilling during Wednesday’s trading session, supported by sustained corporate and offshore demand that outweighed flows from commodity and remittance clients.
The USD/UGX pair closed the day at 3725/3735, firmer compared to the opening levels of 3715/3725. Traders project the unit to trade within the 3680–3800 range.
Money market conditions remained tight on Wednesday, according to Absa data, with overnight and one‑week rates averaging 10.27% and 10.67%, respectively.