Tuesday, May 17, 2011

Kuwaiti dinar today may 17 2011 steady at KD 0.275 per US dollar

Kuwaiti dinar today may 17 2011 steady at KD 0.275 per US dollar : The Kuwaiti dinar was unchanged at 0.275 per US dollar Tuesday while the rate was down to 0.390 per euro, according to the Central Bank of Kuwait's daily bulletin. CBK said the rate was 0.446 against the sterling pound, 0.003 per Japanese yen, and 0.311 per Swiss franc.

After issue of economic data for both the US and Europe, currencies' performance was varied. This was due to anticipation on the part of investors amid ongoing meetings of EU finance ministers to consider more financial support to Greece, which is still gripped by high debt and budget deficit.

The US dollar slipped amid improved confidence in monetary markets and with investors inclining toward buying high-yield currencies and amid profit-taking after the hike of the greenback over the past three weeks.

The euro was up against the dollar and Japanese yen ahead of the EU meeting looking into Greek debt and support to Portugal, which resulted in spreading optimism.

The yen dropped against the dollar and other main currencies after the Bank of Japan governor's statement that the Japanese economy was going through a critical period
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