US dollar unchanged against dinar

The US dollar stood its ground against the Kuwaiti dinar at KD 0.283 while the euro also stayed unchanged at KD 0.381, said the daily price bulletin of the Central Bank of Kuwait (CBK) on Thursday. The bulletin said the pound Sterling went up to KD 0.453, while the Japanese yen kept to its long-established footing at KD 0.003 and the Swiss franc to KD 0.309. Investors are currently eyeing the US Federal Reserve and anticipating its intentions regarding the monthly stimulus package and the time to start bringing it down. As for the EU note, the European Central Bank had last week brought down interest rate to 0.25 percent as investors await the general view of Euro Zone Gross Domestic Product data, expected today, which could indicate a slowdown in growth rate for Q3. In the UK, the pound Sterling benefited from positive data from the labor market, as well as from the inflation report which showed a positive reassessment of the inflation pressure forecast for the short run.