The US dollar is trading for KD 0.275 on Tuesday while the euro came to KD 0.4, according to the daily bulletin of the Central Bank of Kuwait (CBK), which also noted the sterling pound came to KD 0.453.
The Japanese Yen stayed unchanged at KD 0.003, the Swiss franc came up to KD 0.311, the bulletin indicated.
The US greenback slipped against main currencies due to trickle of trade from Europe and Asia over Easter break, amid expectations that the US federal reserve is on the verge of cancelling cash incentives relative to quantitative easing, which boosted demand for the dollar.
The reserve is expected to keep interest unchanged despite higher inflation recently in the country, due partly to higher oil prices amid Middle East and North Africa unrest.
The US home sales report came out today showing lower than expected increase in sales.
As for the Yen, the currency slipped against the dollar and other main currencies amid expectation that the central bank would keep the stimulus package for the time being.
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.