News Column

US greenback unchanged at KD 0,281

May 22, 2014

US greenback unchanged at KD 0,281

KUWAIT, May 22 (KUNA) -- The exchange rate of the US dollar against the Kuwaiti dinar was unchanged at KD 0,281 on Thursday, while the euro dropped to KD 0,384 compared to Wednesday.

The Central Bank of Kuwait said, in its daily price bulletin, that the pound sterling rose to KD 0,475, the Swiss franc was unchanged at KD 0,315, and the Japanese yen was also unchanged at KD 0,002.

The US Federal Reserve has decided to keep the interest rate unchanged while also reducing stimulus measures by USD ten billion per month, to reach USD 45 billion per month.

As for the Euro zone, reports show that the development of the main European sectors slowed down in May, which is a sign that the European economy needs more support to grow.(end)

All KUNA right are reserved

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Kuwait News Agency

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters