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Ksh at its weakest since it floated in 1994
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Mainat
#121 Posted : Thursday, September 08, 2011 8:10:16 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Kizee1-Ndungu and his MPC team had put making CBR their primary monetary policy weapon. Not increasing CBR now to further boaster Ksh/inflaion decrease will damage MPC's credibility (if any is remaining).
Sehemu ndio nyumba
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Mainat
#122 Posted : Monday, September 12, 2011 10:59:13 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Think we may surpass previous 95.10 weak point today. On the 14th, CBK will either put up CBR or be resigned to touching Ksh100.
Sehemu ndio nyumba
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hisah
#123 Posted : Monday, September 12, 2011 11:20:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kaboom! USDKES @95.40 - 95.10 taken out to register a new post float low... 100 is going to be tested if as @Mainat says if the CBR is not hiked on the 14th. CBK is on the ropes here, they either fight back or throw in the towel...

http://www.forexpros.com.../usd-kes-advanced-chart

USDUGX - this one will also test 3000

http://www.forexpros.com.../usd-ugx-advanced-chart

But the crown today goes to TZS - has exploded (huge gap up on opening) as the USD knocks it down while taking out all time low of 1632, now trading @1661. From here it is 1700 then 1800.

http://www.forexpros.com.../usd-tzs-advanced-chart

And all this is happening before the great dollar squeeze begins in earnest!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, September 12, 2011 11:28 AM | Reason: Not specified
FUNKY
#124 Posted : Monday, September 12, 2011 11:50:23 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
The mean rate has reached 95.50/-
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Cde Monomotapa
#125 Posted : Monday, September 12, 2011 4:02:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
CBR hike is a given.
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Mainat
#126 Posted : Tuesday, September 13, 2011 12:05:11 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
CBK throws $s into the mix to prevent $@Ksh96. Given banks are (a) more liquid (b)can't risk lending given several headwinds, how long can CBK compete?
Sehemu ndio nyumba
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Cde Monomotapa
#127 Posted : Tuesday, September 13, 2011 12:17:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mainat wrote:
CBK throws $s into the mix to prevent $@Ksh96. Given banks are (a) more liquid (b)can't risk lending given several headwinds, how long can CBK compete?

has the CBK made a 2nd intervention? Been away in SADC.
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Mainat
#128 Posted : Tuesday, September 13, 2011 12:25:33 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
CDE-yes it did this morning. Distributed $s to select number of dealers (info picked up on twirrer and confirmed by the chart http://www.forexpros.com/currencies/usd-kes)...
Sehemu ndio nyumba
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  | | Edit by user: Tuesday, September 13, 2011 12:28 PM | Reason: Not specified
Cde Monomotapa
#129 Posted : Tuesday, September 13, 2011 12:41:16 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mainat wrote:
CDE-yes it did this morning. Distributed $s to select number of dealers (info picked up on twirrer and confirmed by the chart http://www.forexpros.com/currencies/usd-kes)...

Ok. Cheers.
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kizee1
#130 Posted : Tuesday, September 13, 2011 2:06:01 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
a joke of an intervention..these guys need to get a clue
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86 Pages«<1112131415>»
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