Currency updates from Thursday’s session

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Dollar inflows from portfolio investors helped the Uganda shilling register more gains against the Greenback on Thursday, traders said.

The local unit closed the day trading at 3625 / 3635 levels compared to the opening of 3630 / 3640.

Money markets were liquid today following the redemption of the May 2025 treasury bond and coupon payments, with overnight and one-week trades averaging at 8.41% and 10.68%, respectively according to Absa.

In the global markets, the dollar extended its recent recovery into a third consecutive session after the U.S. Court of International Trade ruled that Trump overstepped his authority with his trade tariff plans according to international media.

The EUR/USD traded 0.1% lower to 1.1283, with the single currency retreating after the ruling re-appraises U.S. growth prospects and the risk premium attached to the dollar.