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KES breaches 78 vs $ for the first time in a year
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guru267
#21 Posted : Wednesday, May 19, 2010 1:50:13 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the new target for the Euro is 1.15 against the dollar which will see the KES trade at about 82bob to the dollar
Mark 12:29 Deuteronomy 4:16
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kizee
#22 Posted : Wednesday, May 19, 2010 1:56:08 PM
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Joined: 1/9/2008
Posts: 537
i wudnt hold my breath mate
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guru267
#23 Posted : Thursday, May 20, 2010 8:06:54 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kizee wrote:
i wudnt hold my breath mate
it might tae a couple of months but lets hope i'm not right but metrics show no support for the euro even at these levels and one thing that would send the dollar soaring is if the US announced a interest rate hike
Mark 12:29 Deuteronomy 4:16
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VituVingiSana
#24 Posted : Thursday, May 20, 2010 10:17:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
Leo over 79.50 (interbank) so 80 is not far off...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee
#25 Posted : Thursday, May 20, 2010 10:46:25 AM
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Joined: 1/9/2008
Posts: 537
79.5 has not traded today...the euro has recoverd 300 points overnite yet kes has recopued a platry 10 cents...of note is the fact that the market gapped lower at open...this euro correlation is getting tired in my view
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Scubidu
#26 Posted : Friday, May 21, 2010 3:01:53 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
kizee wrote:
79.5 has not traded today...the euro has recoverd 300 points overnite yet kes has recopued a platry 10 cents...of note is the fact that the market gapped lower at open...this euro correlation is getting tired in my view
Dude I'm so clueless, when is comes to this topic, but eager to learn. What did you mean?. Some links I have just read: http://pragcap.com/euro-soars-in-48-hours http://www.thedailycrux..../content/4831/Stocks/eml
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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RVP
#27 Posted : Tuesday, May 25, 2010 11:36:11 AM
Rank: New-farer

Joined: 5/3/2010
Posts: 69
Did the KES hit 82 on international forex markets over the weekend? http://www.xe.com/curren...D&to=KES&view=1W
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VituVingiSana
#28 Posted : Tuesday, May 25, 2010 12:49:41 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
@RVP - Maybe... I think it is not as dire unless you are buying on the retail board... CFC Stanbic rips you off as a retail level. 10% spread between buy & sell
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#29 Posted : Tuesday, May 25, 2010 1:39:18 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the euro is back in free fall trading at 1.218 sending world stock markets down with it... The dollar is looking more and more like gold everyday
Mark 12:29 Deuteronomy 4:16
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tonicasert
#30 Posted : Tuesday, May 25, 2010 2:48:04 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
From Reuters, interbank seems to have hit a low of 80.10. @kizee - wewe ndio uko soko... Everyone is back to dumping the Euro.Nigeria now considering reducing their current holdings of Euro, which make up 15% of their $ 40Bn reserves. Just a flavour of the dumping... But seeing alot of buyers around 1.22-1.23 levels, so may hold abit. A break will see bloodbath.
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