Category Forex News

Keep track of the latest currency market moves as they develop. Stay up-to-date on breaking forex news as well as relevant financial developments.

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…

Canadian greenback weakens, benchmark yield climbs

The Canadian greenback weakened in opposition to the buck on Wednesday, and the yield on benchmark authorities debt climbed.  The loonie was buying and selling 0.2% decrease at C$1.3985 to the buck, or 71.51 U.S. cents, after buying and selling…