US dollar unchanged against Kuwaiti dinar

The exchange rate of the US dollar was unchanged against the Kuwaiti dinar on Sunday, trading for KD 0.284, while the euro slipped to KD 0.373, said the Central Bank of Kuwait (CBK) daily price bulletin. The CBK said the pound sterling was up to KD 0.439, while the Swiss franc dropped to KD 0.304. The Japanese yen was at its customary long-held rate of KD 0.003. Meanwhile, the bulletin noted that the US market was showing reaction to the Federal Reserve's unchanged stimulus policies and interest rates, as well as to the Fed Chairman's statements that stimulus plans could be tamed down later this year to come to a full halt by mid next year. As for Europe, the weekend saw the meeting of finance ministers in Luxembourg amid anticipation of decisions regarding the date and details for investing in the Europe stability mechanism to help restructure troubled banks and decide on the option of higher interest on major depositors "in the event of a collapse of European banks." In the UK, the Asset Purchase Program stays unchanged with green light from six of the decision-makers, while the chairman of the Bank of England is requesting a hike of the program's value to 400 billion pound sterling.