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Ksh at its weakest since it floated in 1994

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holycow		#761 Posted : Wednesday, January 23, 2013 1:50:53 PM
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home		Time to revive the thread. 87/= has printed.
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dunkang		#762 Posted : Wednesday, January 23, 2013 2:15:28 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		and CBK MPC will most definitely try to contain it by; - raising base lending rate, - mopping of excess money in circulation, - release more and more dollars to the market. Receive with simplicity everything that happens to you.” ― Rashi
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KulaRaha		#763 Posted : Wednesday, January 23, 2013 2:27:02 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Next MPC is in March, deep in election period. They shouldn't have cut CBR at the last meeting, now they're selling dollars to keep the shilling afloat...talk about left and right hand not knowing... Business opportunities are like buses,there's always another one coming
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hisah		#764 Posted : Wednesday, January 23, 2013 2:28:49 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		In an election year it was obvious CBR would be cut. Campaign funding... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#765 Posted : Wednesday, January 23, 2013 2:30:47 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		holycow wrote: Time to revive the thread. 87/= has printed. Actually this was being discussed yesterday on the "CBK MPC meet" thread. USDKES printed 87.45 yesterday and today the high is 87.75. From the look of chart pattern 90/- is likely to print by March. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang		#766 Posted : Wednesday, January 23, 2013 2:51:36 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		hisah wrote: USDKES printed 87.45 yesterday and today the high is 87.75. From the look of chart pattern 90/- is likely to print by March. @hisah, you seem to be an expert on matters FOREX. So, what do you expect will happen after it hits 90, continue upwards, stagnate thereabout or return to 80s? Am asking coz i've been holding some USD for too long. Receive with simplicity everything that happens to you.” ― Rashi
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ZZE123		#767 Posted : Wednesday, January 23, 2013 3:16:38 PM
Rank: Elder Joined: 6/21/2008 Posts: 2,490		dunkang wrote: and CBK MPC will most definitely try to contain it by; - raising base lending rate, - mopping of excess money in circulation, - release more and more dollars to the market. But CBK reduced the rate last week! Could this depreciation be as a result of this? The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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hisah		#768 Posted : Wednesday, January 23, 2013 3:23:13 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		dunkang wrote: hisah wrote: USDKES printed 87.45 yesterday and today the high is 87.75. From the look of chart pattern 90/- is likely to print by March. @hisah, you seem to be an expert on matters FOREX. So, what do you expect will happen after it hits 90, continue upwards, stagnate thereabout or return to 80s? Am asking coz i've been holding some USD for too long. Expect CBK to put up a hell of a fight to prevent the rate shooting past 88/- At 90/- they'd have to intervene with a massive $ injection to flash the rate down. They have to ensure inflation doesn't start spiking wildly again esp in an election year with a lot at stake! The current account too is not looking pretty. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#769 Posted : Wednesday, January 23, 2013 3:31:00 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		ZZE123 wrote: dunkang wrote: and CBK MPC will most definitely try to contain it by; - raising base lending rate, - mopping of excess money in circulation, - release more and more dollars to the market. But CBK reduced the rate last week! Could this depreciation be as a result of this? With the previous rate cuts the rate has been gradual, but this one is showing excitement which could mean $ demand from corporates is heightened. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ngong		#770 Posted : Sunday, January 27, 2013 5:58:52 PM
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest		Okay sawa,me see 93/95 by feb for good
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