US dollar firms at KD 0.302 against Kuwaiti dinar


(MENAFN- Kuwait News Agency (KUNA)) The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.302 on Monday, while the euro dropped to KD 0.332 compared to Sunday's rates.

The Central Bank of Kuwait said in its daily bulletin that the sterling was stable at KD 0.469, the Swiss franc steadied at KD 0.323 and the Japanese yen was at KD 0.002.

The international markets are awaiting the release of the second reading of the US Gross domestic product of Q1 2015 next Friday, with expectations of a drop, especially after a slow growth rate of 0.2 percent in the first reading.

As for the Euro zone, Greece is still negotiating with its lenders to receive new loans to avoid bankruptcy by the end of May. The country had previously received 250 billion euros worth of loans in 2010, yet the it wasn't enough to end its economic crisis.


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