LOC12:16
09:16 GMT
By Ahmad Al-Furaij
KUWAIT, July 28 (KUNA) -- Investors and markets around the globe are eagerly awaiting the results of the US Federal Reserve meeting tomorrow with expectations that the interest rates for the US dollar would increase.
At the end of yesterday's transactions, the US dollar recorded its lowest rate in two weeks as oppose to the euro which went up due to significantly improving economic rates in Europe and specifically Germany.
The rate of the US dollar went up slightly recently with expectations that the Federal Reserve would aim at increasing interest rates for the US dollar next September.
The US dollar's rate against the Kuwaiti dinar was down by 0.08 percent during today's transactions while its' rates against the main currencies was down by 0.78 percent to reach 96.58 points.
The shrinkage in US economy at the first quarter of the year also played part in the US dollar rates. (end)
asf.gta