×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Dollar rally signals bad news for oil, multinationals

Kenya: The asset with the greatest prowess of late has been the US dollar, and if its rally continues, it threatens to eat into the earnings of multinationals.

The greenback’s recent gains have lifted the dollar index — a measure of the dollar’s value relative to six currencies — for 10 consecutive weeks.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in

Related Topics

US dollar oil