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Monday,September 21,2020 15:58 PM

Us Dollar

Markets stumble after Trump fires Comey

The US dollar remained under pressure, having tumbled to a six-month euro low after Trump ousted Comey.

Shilling gains slightly as dollar demand...

"There's a drop of demand for the dollar from corporates which has supported the local currency."

Strong US dollar a threat to Trump campaign...

"I think our dollar is getting too strong and partially that's my fault because people have confidence in me," he said. "That will hurt ultimately."

Shilling stronger against dollar

Alpha Capital Partners Stephen Kaboyo noted that the Uganda shilling was steady against the dollar primarily on account of tight liquidity conditions that...

Nigeria's central bank moves on forex to...

The Central Bank of Nigeria (CBN) currently sells dollars in the country's multiple forex markets at 315 to 375 naira, allowing dealers to make a small...

Latest exchange rates

Source: Bank of Uganda

Negative sentiment, dollar demand hit shilling...

For every dollar, Ugandans must now fork out an extra sh209 in a space of just six months.

Latest exchange rates

Source: Bank of Uganda

Shilling projected to remain weak this week...

The unit shed off close to 35/= during the week to trade in the range of 3625/35.

Uganda Shilling weakens further

By Thursday afternoon, the shilling was trading in the range of 3,596/3,606 weaker than Wednesday's close of 3,580/ 3,590.

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