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Ksh at its weakest since it floated in 1994

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GGK		#471 Posted : Monday, October 31, 2011 6:43:01 PM
Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru		We are crossing our fingers hisah wrote: I can see USDKES tested 99 today. 99 has now given way and 98 is now lining up. Seems like MPC will hike CBR again tomorrow... "..I am because we are. "― Ubuntu, Umtu,
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FUNKY		#472 Posted : Tuesday, November 01, 2011 11:04:49 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		http://af.reuters.com/ar...OE7A004I20111101?sp=true
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hisah		#473 Posted : Tuesday, November 01, 2011 1:08:56 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		USDKES @98.20... Indeed the positions are flipping in favour of KES. However it only seems KES is gaining since UGX and TZS are spiking. Globally the USD is rallying hard today as the euro melts down... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat		#474 Posted : Tuesday, November 01, 2011 1:15:22 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Something will give. The Euro balloon is now bust until either the Greeks hold the referendum or allowed advised not hold one i.e. postpone. Flight to safety implies renewed pressure on the Ksh. I can see CBK spending all the $250m from IMF in one go Sehemu ndio nyumba
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hisah		#475 Posted : Tuesday, November 01, 2011 6:37:25 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: I can see USDKES tested 99 today. 99 has now given way and 98 is now lining up. Seems like MPC will hike CBR again tomorrow... Indeed CBK hikes CBR like mad... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat		#476 Posted : Tuesday, November 01, 2011 6:47:07 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		If Ksh weakness was driven by fundamentals plus hotmoney, I'd expect it to resume a downward trend given events in the Euroland. Sehemu ndio nyumba
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kizee1		#477 Posted : Tuesday, November 01, 2011 7:29:50 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		Mainat wrote: If Ksh weakness was driven by fundamentals plus hotmoney, I'd expect it to resume a downward trend given events in the Euroland. kes has decoupled from euro...cbks tightenin means fewer kes's floating about and it will definately gain value, spec shortin of the kes is all but over...fundin is a bitch, unless offcourse ur willing to fund for a year, demand side for fcy will wane as credit expansion shrinks....nikunoma..i wager 95 trades this week and very likely we see 80s by dec...
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hisah		#478 Posted : Monday, November 07, 2011 3:03:40 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: kizee1 wrote: tzs rallied big time mate seein 1675*85 now Yap, it has rallied hard from 1853 to the current levels, but on what fundamentals? 2011 is the year which CBs have been on an intervention spree like its about to go out of fashion. From Japan, Swiss, Brazil, KE, UG, TZ, SA etc... @Kizee - watch the USDTZS... I can see fireworks going forward. This thing is about to collapse past 1900!? This is not a good time to be in DSE. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#479 Posted : Monday, November 07, 2011 3:05:19 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		kizee1 wrote: Mainat wrote: If Ksh weakness was driven by fundamentals plus hotmoney, I'd expect it to resume a downward trend given events in the Euroland. kes has decoupled from euro...cbks tightenin means fewer kes's floating about and it will definately gain value, spec shortin of the kes is all but over...fundin is a bitch, unless offcourse ur willing to fund for a year, demand side for fcy will wane as credit expansion shrinks....nikunoma..i wager 95 trades this week and very likely we see 80s by dec... So what happens when CBK runs out of the 25B IMF bazooka shells... How long can they last in this battle... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1		#480 Posted : Monday, November 07, 2011 3:05:49 PM
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi		hisah wrote: hisah wrote: kizee1 wrote: tzs rallied big time mate seein 1675*85 now Yap, it has rallied hard from 1853 to the current levels, but on what fundamentals? 2011 is the year which CBs have been on an intervention spree like its about to go out of fashion. From Japan, Swiss, Brazil, KE, UG, TZ, SA etc... @Kizee - watch the USDTZS... I can see fireworks going forward. This thing is about to collapse past 1900!? This is not a good time to be in DSE. u cant short tzs unless ur an onshore or unless ur willing to hold a 1 year possy lol...
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