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Sunday, July 3, 2011

Kuwaiti dinar slips against US dollar July 3 2011

Kuwaiti dinar slips against US dollar July 3 2011 : The Kuwaiti dinar was down Sunday so that a US dollar traded for KD 0.273 while it went up against the euro so that the EU currency traded for KD 0.397.

The Central Bank of Kuwait bulletin reported a hike to KD 0.439 against the sterling pound, a drop to KD 0.322 against the Swiss franc, while the rate was unchanged at KD 0.003 against the Japanese yen.

Several financial plans in the Euro zone countries restored optimism and confidence in the euro and pushed investors away from the US dollar, which brought down the US greenback.

The dollar was deemed the safe resort for investors throughout the anxiety over Greece's efforts to pass osterity measures. The Swiss franc was also viewed as an alternative. However, Italy's success in reducing its budget by USD 68 billion to avoid further financial stress, along with the passing of the Greek osterity plans, brought optimism to the euro zone For the latest updates PRESS CTR + D or visit Stock Market news Today

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