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Ksh at its weakest since it floated in 1994
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the deal
#181 Posted : Friday, September 16, 2011 12:54:17 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
KES now trading at 95 against the USD track it live here http://contrarianinvestingkenya.info
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Mainat
#182 Posted : Friday, September 16, 2011 1:57:15 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
CBK will need to either throw a few more $s, increase CBR to 8.5% or do the intended IB sharpish. All short-term measures.
FX is best earned via selling products abroad. Like coffee (busy uprooting); tea; flowers; sight seeing
Sehemu ndio nyumba
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hisah
#183 Posted : Monday, September 19, 2011 11:42:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES testing 95.40 again... 100 is coming up before year end... Sad

http://www.forexpros.com/currencies/usd-kes
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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FUNKY
#184 Posted : Monday, September 19, 2011 11:53:11 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Buy now and sell it at hundred in December.
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Mainat
#185 Posted : Monday, September 19, 2011 12:03:19 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
96 is next key pt
Sehemu ndio nyumba
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the deal
#186 Posted : Tuesday, September 20, 2011 10:18:43 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The Shilling at a fresh all time low...ermeging markets ccy have been nailed as long as the Euro zone crisis persist...
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the deal
#187 Posted : Tuesday, September 20, 2011 10:49:04 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Europe is Kenya's biggest forex earner I.e tourists...Agric produce are sold to the European market so any problems in the Euro zone directly affects Kenya and the Shilling.
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Mainat
#188 Posted : Tuesday, September 20, 2011 11:07:11 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Weirdly, I think most of the produce is paid in $s
Sehemu ndio nyumba
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hisah
#189 Posted : Tuesday, September 20, 2011 11:20:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES - tests 96... I will hold on to the T-Bills until the 91 day rates go to 18%.

http://www.forexpros.com/currencies/usd-kes

Staying short KES until 100 is busted...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#190 Posted : Tuesday, September 20, 2011 11:33:38 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
EUR/USD flight to safety. That's where the bulk of KES problems lie.
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