Shilling trades under pressure on Tuesday
Apr 16, 2024
The Uganda shilling closed the day’s trading at 3825 / 3835 levels weaker than the day’s opening at 3800/3810 levels.
Shilling trades under pressure on Tuesday
Ali Twaha
Journalist @New Vision
______________
The Uganda shilling traded under pressure during Tuesday’s session as both corporate and interbank demand took center stage, Absa traders said.
The Uganda shilling closed the day’s trading at 3825 / 3835 levels weaker than the day’s opening at 3800/3810 levels.
Money markets were tight on Tuesday with short-term funding averaging around 12.03%.
The Bank of Uganda will conduct a treasury bond auction on Wednesday, April 17, 2024, worth sh520b. The benchmark 2-year and 10-year bonds will be re-opened for sh200b and sh320b respectively.
No Comment