US dol­lar up against KD at 0.303, euro down

Kuwait Times - - BUSINESS -

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.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.