US dollar sinks on rising Fed rate cut fears

The Uganda shilling started the week lower against the U.S. dollar on account of increased greenback demand. The local unit started the day on the back foot, weighed by increased activity in the foreign currency demand counter, that was unmatched by muted dollar inflows. The USDUGX currency pair closed the session 5 shillings higher by […]

The post US dollar sinks on rising Fed rate cut fears appeared first on East African Business Week.

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