Currency update from Thursday’s trading session
May 02, 2024
Overnight yields were elevated in the money markets during Thursday’s session at an average of 11.94% according to Absa.
The Shilling. (File)
Ali Twaha
Journalist @New Vision
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The Uganda shilling opened Thursday’s session at the 3803/3813 levels and closed on a strong footing at the 3790/3800 levels finally breaching below the 3800 psychological level, as residual month-end flows and commodity export flows coupled with interbank outweighed the demand during the session.
Overnight yields were elevated in the money markets during Thursday’s session at an average of 11.94% according to Absa. The Bank of Uganda will hold a treasury bill auction on May 8, 2024.
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