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US rates: Is there light at end of the tunnel for battered shilling? - The Standard

The Kenya Shilling could experience significant relief as the US dollar continues to weaken against major currencies. According to The Standard spot-check, the US dollar index, which measures the strength of the US currency against six major counterparts, has been easing in the last few months, indicating a continued decline in the value of the dollar. The dollar index tracks the relative value of the US dollar against a basket of important world currencies. If the index is rising, it means that the dollar is strengthening against the basket - and vice-versa. The dollar index, which weighs the value of the greenback against a basket of six major currencies, eased ...

standardmedia.co.ke     Dec 06, 2023