News Column

USD down to KD 0.281, euro up to KD 0.385

February 16, 2014

| KUWAIT, Feb 16 (KUNA) -- The US greenback was down against the Kuwaiti dinar and trading at KD 0.281 on Sunday, while the euro gained and traded for KD 0.385, compared to Thursday's prices.

The daily price bulletin by the Central Bank of Kuwait also reported the pound sterling went up to KD 0.471, the Japanese yen unchanged at KD 0.002, and the Swiss franc rose to KD 0.315.

In the US market, little new financial data was released, mainly on retail, as new Federal Reserve Chief Janet Yellen made her first testimony before Congress.

In Europe, more data was published that affected the region's currency. Most important were the figures relating to growth seen in Q4, with a reported economic recovery of 0.3 percent. This still falls short of the European Central Bank's target, however.(end) mfs.wsa KUNA 161120 Feb 14NNNN

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Source: Kuwait News Agency

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