Ugandan shilling stable, US tariffs increase interbank dollar demand
At 0931 GMT commercial banks quoted the shilling at 3,704/3,714, compared to Monday's close of 3,702/3,712.
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"The broad market view is that there will be dollar scarcity going forward on expectation that dollar flows will fall because of trade disruptions and hence the need to build long dollar positions," said a market note from Alpha Capital Partners, a Kampala-based fund manager.
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