(MENAFN- Kuwait News Agency (KUNA)) The exchange rate of the US dollar against the Kuwaiti dinar, in Sunday's trades, stood at KD 0.301 but the Euro dropped to KD 0.320, compared to Thursday's rates.
The Central Bank of Kuwait said in its daily release the sterling pound exchange went down to reach KD 0.441, the Swiss franc also went down to KD 0.308 but the Japanese Yen remained unchanged at KD 0.002.
The greenback rate has increased due to support from the US Federal Reserve, amid divisions among its members on setting a definite date for lifting the interest rate, with some favoring that the move be taken in June and others arguing that it should be on the year-end.
Meanwhile, the euro has been in decline due to the robust US dollar, with investors favoring stocks for the European single currency, amid noticeable recovery in the bourses.
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