FOREX TRADING: Local currency strengthens as economy eases

Uploaded by Brandy Moore on October 7, 2020 at 8:10 pm

COVID-19 placed significant pressure on the foreign exchange rates of emerging market currencies.

Widespread lockdowns travel bans, and quarantines prompted a severe worldwide economic contraction.

Pre COVID-19, the shilling saw limited depreciatory pressures where the majority of sub-Saharan African currencies weekend against the dollar with miner weakening to date.

NTVBusiness desk spoke to the ABSA head of trading Catherine Kijjaggulwe, on the impact the pandemic had on the local currency and the financial markets at large and her outlook as the county heads into the general elections.

#NTVNews #NTVTonight #NTVWeekendEdition

Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Connect with us on Messenger via m.me/NTVUganda

Comments

Comments are disabled for this post.