(MENAFN- Kuwait News Agency (KUNA)) The exchange rate of the US dollar against the Kuwaiti dinar, in Wednesday's trades, dropped to KD 0.301 but the Euro went up to KD 0.320, compared to Yesterday's rates.
The Central Bank of Kuwait said in its daily release the sterling pound exchange rose to KD 0.445, as well as the Swiss franc to KD 0.309 but the Japanese Yen remained unchanged at KD 0.002.
The U.S. Federal Reserve Board of Governers is witnessing a split among its members on the future date to raise interest rates, thus leading to restoration of confidence in the dollar as a result of predictions for a change in the US monetary policy, expected very soon.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.