US dollar up against KD at 0.303, euro down
KUWAIT, Oct 23 (KUNA): The US Dollar’s exchange rate against the Kuwaiti Dinar was up at 0.303 Sunday while the euro went down to KD 0.329 compared to Thursday’s exchange rates, said the Central Bank of Kuwait (CBK).
Meanwhile, the exchange rate of the Sterling Pound was also down to KD 0.370, while the Swiss Franc was stable at KD 0.305. The Japanese Yen was unchanged at KD 0.002.
The USD rose to its highest level in eight months against major currencies during last Friday trading’s.
This came after the statement of the president of the Federal Reserve Bank of New York William Dudley, that the US central bank is likely to raise the interest rate if the economy continues on its current path.