Currency updates from Tuesday’s session
The local currency closed Tuesday’s session unchanged at 3655/3665 levels.
In the global markets, the dollar extended losses against a basket of currencies as the euro rose by as much as 0.4% to a session high of $1.113..............
Ali Twaha
Journalist @New Vision
KAMPALA - Commodity dollar inflows and subdued demand from players saw the Uganda shilling continue to trade flat against the Greenback on Tuesday, traders said.
The local currency closed Tuesday’s session unchanged at 3655/3665 levels. Money markets were liquid according to Absa, with overnight and one-week trades averaging at 10.97% and 11.39%, respectively.
The Bank of Uganda will conduct a Treasury Bond auction tomorrow worth sh990b, where the benchmark 3-year, 10-year, and 20-year maturities will be reopened.
In the global markets, the dollar extended losses against a basket of currencies as the euro rose by as much as 0.4% to a session high of $1.113 after data showed U.S. consumer inflation picked up less than expected in April.