Kuwaiti dinar decreases to 0.280 fils against US dollar

28/12/2010 00:00 AST

The Kuwaiti dinar was decreased to 0.280 fils against the US dollar on Tuesday while its rate increased against the euro, settling at 0.371 fils.

The Central Bank of Kuwait (CBK) said on its website that the rate of the national currency settled to 0.434 fils against the sterling, 0.003 fils against the yen and was 0.294 against the Swiss franc.

The decrease of US dollar against other major currencies came as result of expectations of economic reports expected to be issued today in the United States, including the housing report which will force US federal to keep interest rates at the lowest levels.


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