USD recovers against major currencies

KUWAIT, July 30 (KUNA) -- The US dollar recovered vis a vis other major currencies after the US Federal Reserve Bank (the Central Bank) boosted confidence in the labor market, keeping interest rates unchanged, as the dollar index jumped 0.09 to 95.845 points.
The greenback climbed, 0.10 percent, against the Kuwaiti dinar, reaching 302.9 fils, also vis a vis the euro, 0.22 percent, to USD 1.10. The Japanese yen climbed 0.14 percent, reaching 123.74, while it dropped against the sterling pound, 0.41 percent, reaching USD 1.56.
Capital markets had anxiously awaited results of the Federal Reserve Bank's meeting that resulted in keeping the interest rate unchanged.
The Federal Reserve Bank, following last night's meeting, indicated that the interest rate might be reviewed, in the future, due to continuing improvement of the economic conditions in the US. (end) asf.rk