Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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hisah wrote:It is very clear from this USDKES chart where things are headed. I have discussed ascending triangles enough times and the best examples are mpesa bank (breaking 7.50) and CIC (breaking 5.50-6 zone). KES is about to take a proper hiding...  With all the new cars imports, that's expected Quote:New registration of automobiles has risen for the third year in a row after a dip in 2011, the Economic Survey 2014 shows. The total number of vehicles rose from 63,486 to 77,229 to 94,017 in 2011, 2012, and 2013 respectively. The Kenya National Bureau of Statistics attributed the consecutive rise to a consistent expansion of newly registered saloon cars and station wagons over the three-year period. “Further, increased local demand as a result of the appreciation of the shilling against the Japanese Yen contributed to the increase in the importation of vehicles,” KNBS noted. - See more at: http://www.the-star.co.k...ns#sthash.REkLhfPh.dpuf
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