How Shilling fared in Wednesday's session

KAMPALA - The dollar strengthened in Wednesday’s session, closing at 3715/3725 compared to the opening levels of 3700/3710.

The currency briefly dipped to intraday lows of 3685/3695, a move that attracted renewed offshore demand alongside sustained buying interest from players in the manufacturing and energy sectors.

In the near term, traders say, the shilling is expected to trade within a stable range of 3650–3790. Money market liquidity improved, according to Absa, with interbank overnight and one‑week rates averaging 9.63% and 10.12%, respectively.

At Wednesday’s treasury bill auction, yields on the 1‑year maturity remained unchanged, clearing at 12.002%, while the 91‑day and 182‑day tenors fell by 85 and 16 basis points, closing at 10.652% and 11.540%, respectively.

The auction saw sh170b in face value accepted, representing an acceptance rate of 47.89%.