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Ksh at its weakest since it floated in 1994
Hunderwear
#261 Posted : Friday, September 23, 2011 9:59:08 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
2012 wrote:
kizee1 wrote:
domiciled
Is it just me or does that word sound like an insult?smile
It's true what they say:ENGLISH CAME VIA SEA IN A CONTAINER AND SOME TOOK THE WRONG CONTAINER.haha
kizee1
#262 Posted : Friday, September 23, 2011 12:35:50 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
domiciled Definition dom·i·ciled[ dómmi sld ]ADJECTIVE 1. resident somewhere: resident in a particular place ( formal )
Mainat
#263 Posted : Friday, September 23, 2011 12:38:01 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Some recovery after G20 promises that printers won't be switched off... Never realised Ksh was this vulnerable to hot money
Sehemu ndio nyumba
stocksmaster
#264 Posted : Friday, September 23, 2011 1:22:04 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
My rudimentary understanding of what constitutes the prevailing exchange rate of currencies is that the four most important considerations in the rate include: 1. Economic and Political Factors: The Hague Six, Looming Elections hence rise in political risk, Famine in the horn of Africa etc. 2. Purchasing Power Parity: For the $ vs Ksh, what $ 1 buys in US is equivalent to what Ksh 99 buys in Kenya (Wonder wether this applies to real estate!!) 3. Short Term Supply and Demand of the currency: Rise in oil prices, Fall in Agricultural Exports etc (Could there be a case of dollars leaving Kenya for Swiss Accounts what with a change of guard in the horizon??) 4. Market Manipulation: This is where speculators and banks fall in. Wonder which of the four factors above is predominantly responsible for the Ksh weakness??? Happy Hunting.
x handle: @stocksmaster79
Mainat
#265 Posted : Friday, September 23, 2011 4:12:54 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Pointless exercise of selling $2 done by CBK again today. No effect on $/Ksh rate, but reduces CBK's fx reserves...
Sehemu ndio nyumba
Cde Monomotapa
#266 Posted : Friday, September 23, 2011 4:54:04 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Looking forward to oil market de-coupling from the USD strength/weakness hoax & accepting the fact that its historic large consumers are now a lot receeded smile !! 60 dollar crude !!
Mainat
#267 Posted : Friday, September 23, 2011 5:35:36 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Cde- would wish for the same, but the fact of the matter is that OPEC has savvier folk these days. my understanding is that OPEC's floor price is $70. Ikifika hapo, Saudi and others develop supply issues...
Sehemu ndio nyumba
Cde Monomotapa
#268 Posted : Friday, September 23, 2011 7:19:53 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Mainat wrote:
Cde- would wish for the same, but the fact of the matter is that OPEC has savvier folk these days. my understanding is that OPEC's floor price is $70. Ikifika hapo, Saudi and others develop supply issues...
That's for sure n that's why i'm calling $60 for them to atleast make a modest return and remain in production. I recall $40* crude during the GFC but I started "feeling" for them. $60-70 is fine and let it stay there for atleast 5yrs.
kizee1
#269 Posted : Friday, September 23, 2011 10:31:53 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
Pointless exercise of selling $2 done by CBK again today. No effect on $/Ksh rate, but reduces CBK's fx reserves...
must be more than 2 i got 2...lol
hisah
#270 Posted : Saturday, September 24, 2011 9:22:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The KES fall is far from done! Goodluck CBK... http://j.mp/qzr9Qu If one was to look at the dollar rout on the emerging nation currencies this month, our EAC currencies are holding up well against the dollar blows!? The Won, Singapore dollar, Rand & a number of commodity based econ currencies have take it on the chin esp the last 2 weeks. I believe the markets are still in disbelief of the looming dollar squeeze. When it hits the fan, sizable global market selloff will be on cards leading to 'margin call central' as funds overcrowd the exit door in panic rush. To unwind trades, dollars are bought. That dollar index will rally past 90 if the squeeze is a giant margin call?! It wont be funny when it happens & commodities will be sold hard. @cde might get the $60 oil? Margin call the movie was released recently. Watch it... Update - http://af.reuters.com/ar...ws/idAFJOE78M08C20110923
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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