Categories: Forex News

Ugandan shilling loses floor on surge in importer demand


KAMPALA (Reuters) – The Ugandan shilling posted a small loss on Wednesday, undermined by robust demand for laborious forex from power and different importers, merchants mentioned.

At 0905 GMT business banks quoted the shilling at 3,690/3,700, in comparison with Tuesday’s shut of three,678/3,688.

admin

Recent Posts

US oil manufacturing fell to an 11-month low in January, EIA knowledge reveals

NEW YORK (Reuters) - U.S. crude oil manufacturing fell by 305,000-barrels-per-day (bpd) to 13.15 million…

1 hour ago

US Shares Swoon as Trump Sows Financial Worry Throughout Wall Avenue

(Bloomberg) -- The US inventory market rout intensified on Monday on fears that President Donald…

2 hours ago

The world is extra anxious than ever concerning the financial system, says BlackRock boss

Larry Fink, chief government of BlackRock, says Donald Trump’s return to the White Home has…

3 hours ago

The Trump financial plan that may very well be a lot riskier than tariffs

What if tariffs are solely the start? What if President Trump has a far bolder…

3 hours ago

The Trump financial plan that might be a lot riskier than tariffs

What if tariffs are solely the start? What if President Trump has a far bolder…

3 hours ago

Hungary Expands Meddling From Bonds to Banks as Financial system Stutters

(Bloomberg) -- Hungary is increasing its interventions into the market financial system in areas starting…

3 hours ago