The Ugandan shilling compacted against a dollar on the reverse side of antagonistic inflows from the development agencies that coordinated the available corporate demand, dealers alleged.

The shilling sealed a week at 1,746/1,751 to the dollar vis-à -vis the previous week’s 1,747/1,752 close .It is thus justifiable that the shilling has yielded good performance alongside a dollar overdue last year to date.

Dealers allege that the local unit opened strong against the greenback but rather retreated due to vigorous inter-bank trading hitherto recovering during the week. In addition, they expect that the local unit would be range-bound and trade within the 1,740/1,751 rate to the dollar. This was also emphasized by a spot dealer at Standard Chartered Bank.