(USD:UGX) Uganda Shilling Turns Worst Currency as Investors Sour on Local Debt
Uganda’s shilling is bearing the brunt of rising US yields and foreign-investor selling as offshore holders trim their exposure to local-currency bonds.
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Uganda’s shilling is bearing the brunt of rising US yields and foreign-investor selling as offshore holders trim their exposure to local-currency bonds.
The peso closed at 3,194.88 per US dollar, 2.69% stronger on the week, as US yields fell. The COLCAP traded near 2,531 late in the session. The post Peso Hits 3,195 per Dollar, Best Since Sept 22 | Colombia Report, Oct 9 appeared first on The Rio Times.
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