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USD at 90.00
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kizee1
#61 Posted : Friday, June 17, 2011 4:17:50 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
KulaRaha wrote:
kizee1 wrote:
simonkabz wrote:
Tanzanian Shilling also not doing too well against the dollar. Has slid from 1200ish to 1500ish.



yes 1583*1593...if u wanna raid a ccy this is the one! 2pct onite rates, its now the fundin ccy for the african carry trade


All good in theory but when you go trading, see what BOT does to your position...you'll get a call to offload before closing!

Or else....Shame on you Shame on you Shame on you



BOT BOT BOT...kwani ur trading in TZ? if ur onshore ni shida ndio lakini if ur not...fire away
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guru267
#62 Posted : Friday, June 17, 2011 5:01:59 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I'll be flooding the australian dollar to get gold exposure and mitigate against the coming storm..
Mark 12:29
Deuteronomy 4:16
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PINCHEZN
#63 Posted : Friday, June 17, 2011 5:08:40 PM
Rank: Hello

Joined: 6/13/2011
Posts: 1
Location: NAIROBI
I agree that one shd put sum money in the agriclturals e.g coffee,tea,flowers which stand 2 benefit 4rm the weak dollar.
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guru267
#64 Posted : Friday, June 17, 2011 5:29:36 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
PINCHEZN wrote:
I agree that one shd put sum money in the agriclturals e.g coffee,tea,flowers which stand 2 benefit 4rm the weak dollar.


I think you man weak shilling not dollar
Mark 12:29
Deuteronomy 4:16
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Sufficiently Philanga....thropic
#65 Posted : Friday, June 17, 2011 5:50:10 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Currency depreciation is one of the many conditions to be fulfilled before the Bretton Wood institutions can release cash money. Thus far, they are one happy lot. And interest rates will baloon further, another condition! Remembe r the SAPS of the early 90's!
Only wish we had a liquid bond market. There's money to be made here!
@SufficientlyP
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Impunity
#66 Posted : Friday, June 17, 2011 6:11:04 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
guru267 wrote:
PINCHEZN wrote:
I agree that one shd put sum money in the agriclturals e.g coffee,tea,flowers which stand 2 benefit 4rm the weak dollar.


I think you man weak shilling not dollar

Applause Applause
@guru expect that from young and upcoming investors, the business language is different you know.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Wa_ithaka
#67 Posted : Monday, June 20, 2011 2:47:30 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Staying stubbornly over 90
I reckon things will change once “Uhuru the muratina imbiber” realises this thing must cost him the erections
The Governor of Nyeri - 2017
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kizee1
#68 Posted : Monday, June 20, 2011 2:54:08 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
so

market has frozen again after Ndungu states that if he intervenes it will worsen matters...last time the market froze was during PEV, this thing is deteriorating fast, 91.00 has just been paid(bought) meaning market is now above 91...liquidity is thin meaning importers cant get sufficient supply at these levels...vision 2030??
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Cde Monomotapa
#69 Posted : Monday, June 20, 2011 3:05:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
In other news..oil is on the way down. Brent @110, Nymex @93
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jerry
#70 Posted : Monday, June 20, 2011 3:12:32 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Wa_ithaka wrote:
Staying stubbornly over 90
I reckon things will change once “Uhuru the muratina imbiber” realises this thing must cost him the erections

@Wa_ithaka. I wonder what's worth the erections! Wewe kweli unatoka central.
The opposite of courage is not cowardice, it's conformity.
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