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What is Happening to USD!
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maka
#11 Posted : Tuesday, October 29, 2013 10:35:11 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
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
Rank: Elder

Joined: 9/15/2006
Posts: 3,907

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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: 2,225
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: 2,225
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
Rank: Member

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
Rank: Veteran

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
Rank: New-farer

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
Rank: Member

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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