USD stable against dinar at 0.301

USD stable against dinar at 0.301
USD stable against dinar at 0.301

KUWAIT, June 30 (KUNA) — The US dollar exchange rate was stable at KD 0.301 on Wednesday, the same case with the euro which traded at KD 0.334, said the Central Bank of Kuwait Thursday.
The CBK said that the Sterling Pound was up to KD 0.404 while the Swiss Franc was stable at KD 0.307. The Japanese Yen remained the same at KD 0.002.
The US dollar continued to lose ground against major currencies yesterday due to the lackluster performance of the American housing sector which retreated by 3.7 percent last month.
The renewed optimism after the UK pullout from the EU also played part in the shaky status of the dollar.
The Sterling Pound recently lost much of its value after the UK referendum showed desire to split from the EU, leading to fears of slow global economic growth. (end) mam.gta

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