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  Economics
US dollar falls against Kuwaiti dinar
09/02/2016 | LOC14:31
11:31 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
US dollar falls against Kuwaiti dinar
US dollar falls against Kuwaiti dinar
KUWAIT, Feb 9 (KUNA) -- The US dollar rate dropped against the Kuwaiti dinar on Tuesday reaching KD 0.299 but the euro climbed to KD 0.335 as compared to Monday's rates, the Central Bank of Kuwait (CBK) said.
Sterling pound meanwhile fell to KD 0.432, the Swiss franc rose to KD 0.304 while the Japanese yen steadied at KD 0.002..
The greenback has reduced its gains against other major currencies, however it remained widely in demand. Meanwhile, international stocks had a hard start in 2016, due to limited American economic growth and record oil prices' decline.
Moreover, US economic reports have cast doubts regarding prospected rise of the interest rate this year. (end) mfs.rk
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