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What is Happening to USD!
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Ngong
#1 Posted : Monday, October 28, 2013 1:14:05 PM
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Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
From above 87 to below 85 in a month!

What to DO before its too late?Sad
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mkeiyd
#2 Posted : Monday, October 28, 2013 1:55:39 PM
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Joined: 3/26/2012
Posts: 1,182
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.
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jaggernaut
#3 Posted : Monday, October 28, 2013 2:08:06 PM
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Joined: 10/9/2008
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US govt shutdown to blame?
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Ngong
#4 Posted : Monday, October 28, 2013 11:34:37 PM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
mkeiyd wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.


Please explain why u wish so!
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Ngong
#5 Posted : Monday, October 28, 2013 11:36:36 PM
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Location: Ngong Forest
jaggernaut wrote:
US govt shutdown to blame?


Shutdown should create a demand,kweli rongo?
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murchr
#6 Posted : Tuesday, October 29, 2013 12:10:40 AM
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Joined: 2/26/2012
Posts: 15,980
mkeiyd wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.


A strong KES is not always good. My thinking is that we have to much $$ in circulation.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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sparkly
#7 Posted : Tuesday, October 29, 2013 6:04:38 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
mkeiyd wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.


A strong KES is not always good. My thinking is that we have to much $$ in circulation.


Any connection with the tea bonuses? Maybe KTDA has liquidated $ A/C leading to a glut.
Life is short. Live passionately.
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Horton
#8 Posted : Tuesday, October 29, 2013 7:59:34 AM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
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maka
#9 Posted : Tuesday, October 29, 2013 8:55:38 AM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ngong wrote:
jaggernaut wrote:
US govt shutdown to blame?


Shutdown should create a demand,kweli rongo?


Not really a slow economy would have/will force the federal reserve to pump in more dollars via QE
,bond buybacks...the market would be flooded with dollars...
possunt quia posse videntur
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Ngong
#10 Posted : Tuesday, October 29, 2013 10:25:41 AM
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Location: Ngong Forest
Federal reserve not affected by this shutdown?
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maka
#11 Posted : Tuesday, October 29, 2013 10:35:11 AM
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Joined: 4/22/2010
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Location: Nairobi
Ngong wrote:
Federal reserve not affected by this shutdown?

Not fully....
possunt quia posse videntur
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muganda
#12 Posted : Tuesday, October 29, 2013 1:13:13 PM
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Joined: 9/15/2006
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mkeiyd
#13 Posted : Tuesday, October 29, 2013 1:25:17 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
murchr wrote:
mkeiyd wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.


A strong KES is not always good. My thinking is that we have to much $$ in circulation.



I think it all depends on line of biz they are in. For exporters it ain't a good thing but to importers,it's all music to the ears.

For the overall economy, i think a fairly valued USD/forex is the optimal target.

Sometimes, the USDKES duel doesn't make sense to me. How do you explain a no-USD supply and a strengthening KES?
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Sufficiently Philanga....thropic
#14 Posted : Tuesday, October 29, 2013 2:30:27 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
mkeiyd wrote:
murchr wrote:
mkeiyd wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Before it's too late for? Going back to 87 or tanking below 84?
My wish is for it to go as low as it can.


A strong KES is not always good. My thinking is that we have to much $$ in circulation.



I think it all depends on line of biz they are in. For exporters it ain't a good thing but to importers,it's all music to the ears.

For the overall economy, i think a fairly valued USD/forex is the optimal target.

Sometimes, the USDKES duel doesn't make sense to me. How do you explain a no-USD supply and a strengthening KES?

Blame it on CBK intervention.
Try trading this pair and you'll wipe out your EquitySad
@SufficientlyP
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Sufficiently Philanga....thropic
#15 Posted : Tuesday, October 29, 2013 2:31:58 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Short the pair and you'll sleep happily ever after!
@SufficientlyP
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tonicasert
#16 Posted : Tuesday, October 29, 2013 2:51:13 PM
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Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
From Sept most currencies have gained against the USD; See EUR, GBP, INR, ZAR, BRL, ...

After the Fed unexpectedly decided to maintain QE
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Ngong
#17 Posted : Wednesday, October 30, 2013 9:41:24 AM
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Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
Sufficiently Philanga....thropic wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Short the pair and you'll sleep happily ever after!


Sielewi!
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mkeiyd
#18 Posted : Wednesday, October 30, 2013 9:55:30 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
Ngong wrote:
Sufficiently Philanga....thropic wrote:
Ngong wrote:
From above 87 to below 85 in a month!

What to DO before its too late?Sad

Short the pair and you'll sleep happily ever after!


Sielewi!


Quit the USDKES duel.
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KenyanEconomist
#19 Posted : Monday, May 19, 2014 12:36:11 PM
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Joined: 5/7/2014
Posts: 40
USDKES trading as high as 87.8 today. How much of that is driven by security scares or is this cyclical (traders, low exports etc)
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pops
#20 Posted : Monday, May 19, 2014 4:56:13 PM
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Joined: 9/13/2006
Posts: 123
two main reasons. decision to pay anglo leasing and current spate of insecurity - our already struggling economy is now crawling thanks to poor leadership.
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