U.S. dollar slides as investors continue their search for a safe haven

The local unit strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Thursday’s trading session. The central bank pumped dollars into the local foreign exchange market, outpacing waning demand, and pushed the home unit higher by 40 shillings at the closing bell. We see the USDUGX currency pair trading […]

The post U.S. dollar slides as investors continue their search for a safe haven appeared first on East African Business Week.

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