US dollar steady against Kuwaiti dinar at KD 0.288

GMT 17:26 2014 Sunday ,19 October

Arab Today, arab today US dollar steady against Kuwaiti dinar at KD 0.288

US dollar against Kuwaiti dinar
Kuwait - KUNA

The USD exchange maintained stability against the Kuwaiti dinar, on Sunday, at KD 0.288, however the euro dropped to KD 0.368 compared with Thursday's rate.
The sterling exchange rate rose to KD 0.464, but the Swiss franc fell to KD 0.305 and the Japanese yen retained the level of KD 0.003, said the daily bulletin of the Central Bank of Kuwait (CBK).
With respect of the US economy, corporate earnings constituted strong boost to the American stock markets in the third quarter of 2014, amid rising hopes the Federal Reserve Bank (the central bank) would continue to offer incentives for the American economy.
As to Europe, European stocks were affected with several positive factors, namely the European Central Bank's (ECB) announcement regarding assets' purchase that alleviated investors' concerns that the euro zone might slump, thus nudging the ECP to activate its expansion policy.

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