KAMPALA: The Ugandan shilling firmed on Friday, buoyed by a low corporate dollar demand, traders said.
At 1119 GMT commercial banks quoted the shilling at 3,345/3,355, stronger than Thursday's close of 3,355/3,365.
"There's no buzz in the market, corporate demand is completely flat," said Shahzad Kamaluddin, trader at Crane Bank.
A market note from Alpha Capital Partners, however, said this week's policy easing move could spur a rebound in dollar demand and pressure the shilling.
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