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Ksh at its weakest since it floated in 1994
Cde Monomotapa
#31 Posted : Friday, August 05, 2011 3:16:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
FUNKY wrote:
http://af.reuters.com/article/energyOilNews/idAFL6E7J508O20110805
With sustained cheaper crude it is simple logic that they'll be demand for less dollars. Let's see.
otienosmall
#32 Posted : Friday, August 05, 2011 4:17:53 PM
Rank: Member

Joined: 10/8/2010
Posts: 281
time to send money home, not a bad experiencesmile
hisah
#33 Posted : Tuesday, August 09, 2011 3:12:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.forexpros.com/currencies/usd-kes USDKES - 95/- And the rout continues. The warning lights have turned red and the central planners are sitting square with grinning faces! I'd expect them by now to be throwing in the kitchen sink and any toolbox. But they sit tight just giving lip service. The streets will explode soon and it will be a sad occurence! http://www.forexpros.com/currencies/eur-kes -> 135/- http://www.forexpros.com/currencies/gbp-kes -> 155/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
McReggae
#34 Posted : Tuesday, August 09, 2011 3:29:41 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Time to source for some forex!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
SAC Cohen
#35 Posted : Tuesday, August 09, 2011 3:33:18 PM
Rank: Member

Joined: 1/3/2011
Posts: 129
Location: Nairobi
IMHO, I believe we have a structural problem on USDKES.
tony stark
#36 Posted : Tuesday, August 09, 2011 4:55:22 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
SAC Cohen wrote:
IMHO, I believe we have a structural problem on USDKES.
In what way? Who is increasing the demand for these dollars? Is there a real or artificial demand?? I might be a hopeful Kenyan but the weakening shilling will definitely help exporters. This might make the EPZs more profitable, farmers will eventually profit, Agricultural firms in the NSE are all happy, tourism, horticulture, Tea, etc etc. A weakening shilling might be a great in the long run. For example local manufactures will eventually be able to compete with the cheap chinese imports and chinese-brazil through Egypt imports due to the weakened shilling providing more incentive to local firms. The Gover should forget the dollar once economy picks up it will be able to raise more tax, to pay back the loans in whatever currency the loans are in. Focus on inflation, infrastructure and cheap electricity. With cheaper Uganda and GOSS oil inflation, and elec are sorted!
SAC Cohen
#37 Posted : Wednesday, August 10, 2011 12:11:25 PM
Rank: Member

Joined: 1/3/2011
Posts: 129
Location: Nairobi
Shilling recovers 3 bob. at 92.20... wa! see CBK Comments link coming up shortly
hisah
#38 Posted : Wednesday, August 10, 2011 12:32:08 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
SAC Cohen wrote:
Shilling recovers 3 bob. at 92.20... wa! see CBK Comments link coming up shortly
http://www.forexpros.com/currencies/usd-kes Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#39 Posted : Wednesday, August 10, 2011 1:07:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
SAC Cohen wrote:
Shilling recovers 3 bob. at 92.20... wa! see CBK Comments link coming up shortly
http://www.forexpros.com/currencies/usd-kes Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...
It's behaving like a stock. Laughing out loudly Laughing out loudly
kizee1
#40 Posted : Wednesday, August 10, 2011 1:31:32 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
SAC Cohen wrote:
Shilling recovers 3 bob. at 92.20... wa! see CBK Comments link coming up shortly
http://www.forexpros.com/currencies/usd-kes Yap, throwing the kitchen sink and everything at it. The breakdown has been soooo disorderly since March. This is a guerilla war. Rogue trading needs to be tackled in rogue way...
tricky one my friend, this move will severely test the banking system, remember the system is expecting tax outflows next week...shud be exciting
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