Wazua
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KES breaches 78 vs $ for the first time in a year
Rank: Member Joined: 1/9/2008 Posts: 537
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ur rite tony...was paid leo by some offshores at the 80.10 level...im just curios abt how a mkt wud gap from 79.2535 to open at 79.7080 because euro fell from 1.25 to 1.23,...how many investors exited kenya in that period? the correlation storo i say again is lukin tired...
@ scubidu- well it seems like eurusd and usdkes hav a -80 pct correlation meanin if euro rallies kes rallies and vice versa...mkt of later has really been lukin at the euro to decide on a kes strategy...so wat one wonders is..if euro goes to 1.15 or worse parity wat happens to usdkes?
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Well at the moment that seems to be the best correlation, since all emerging and most developed mkts are losing against the USD when Euro is getting dumped on fresh news.
Lets see how it goes as Euro seems to be consolidating here. Most of my clients also covering at 1.21-1.22 levels, even for the next 2 years commitments.
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Wazua
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KES breaches 78 vs $ for the first time in a year
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