Currency update from Thursday’s session

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KAMPALA - Demand activity seen during Thursday’s session saw the Uganda shilling close trading at 3805/0815 from an opening of 3790/3800 a tad weaker.

Catherine Kijjagulwe, head of trading at Absa noted that there was “more activity seen from dollar buyers” during the session.

Overnight yields traded at averages of 11.87% still elevated due to the continued liquidity tightness in the money markets.

Bank of Uganda held a treasury bill auction and yields in the 91-day, 182-day, and 364-day tenors cleared at averages of 9.419%,12.362%, and 13.289% respectively.