Currency updates from Monday’s session
Money markets were tight according to Absa data with overnight levels seen averaging at 11.52% during the day’s session.
Currency updates from Monday’s session
Ali Twaha
Journalist @New Vision
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The Uganda shilling opened March trading stable at 3672/3682 levels all day with both demand and supply counters subdued during the session, traders said.
Money markets were tight according to Absa data with overnight levels seen averaging at 11.52% during the day’s session.
In the currency global markets, the Pound Sterling snapped its two days of losses, gaining over 0.89% amid a weaker US Dollar which appreciated on Friday.
In the crypto market, Bitcoin price declined from Monday’s high of $96,500 to lows of $89,000 ahead of the US trading session. However, Bitcoin had recovered 11.50% during the weekend, closing above $94,270 on Sunday.