Read this in The Manila Times digital edition.
CURRENCY FLUCTUATIONS Two women pass by a currency exchange office with a sign indicating prices for euros, dollars and rubles in Kyiv on Saturday, July 2, 2022, amid the Russian invasion of Ukraine. AFP PHOTO
NEW YORK: The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.