Kuwaiti currency stable against US greenback

The Kuwaiti Dinar was still at KD 0.272 per dollar on Thursday and at KD 0.391 per euro, the Central Bank of Kuwait (CBK) said. According to the CBK bulletin of exchange rates, the dinar was up to KD 0. 449 against the sterling pound, and unchanged at 0.003 against the Japanese yen, while coming up to KD 0.342 against the Swiss franc. Both the dollar and the yen are gaining ground again and dominating exchange markets after a major slump in Japanese exports in July, and also in reaction to a forecast of a drop in the US industry's performance, which sparks demand for safe haven currencies. This comes after a vote that would keep interest rate unchanged in the UK, amid reports of an unexpected rise of unemployment to 7.9 percent.