News Column

US dollar stable against Kuwait dinar at KD 0,281

May 13, 2014

KUWAIT, May 13 (KUNA) -- Exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0,281 on Tuesday, while the euro dropped to KD 0,386 compared to Monday.

Central Bank of Kuwait also said, in its daily bulletin, that the exchange rate of the pound sterling rose to KD 0,474, while the Swiss franc dropped to KD 0,316, and the Japanese yen was unchanged at KD, 0,002.

The current week will see issue of a number of important data and reports on the US economy regarding inflation rates represented by consumers and producers' prices, as well as retail prices.

As for the Euro zone, the German economy saw hike of growth rate in Q1/2014, with forecasts that the country would not be able to sustain such brisk growth, though analysts still foresee continued growth for 2014.(end)

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Source: Kuwait News Agency

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