US dollar exchange rate up to 0.284

The US dollar reached 0.284 against the Kuwaiti dinar on Wednesday, while the euro exchange rate against the KD increased to 0. 373 KD compared to yesterday's exchange rate. The Central Bank of Kuwait said in its daily exchange rate bulletin the sterling pound increased to 0.441 KD, the Japanese yen was unchanged at 0.003 KD and the Swiss franc increased to 0.304 KD. The US dollar has currently weakened against other main currencies, prompting investors to stop trading in the greenback. This proves expectations that officials in the Central Federal Bank are heading towards quantative easing to save the world's largest economy. Investors are awaiting results of the meeting of the Federal Open Market Committee, where Federal Reserve Chairman Ben Bernanke is expected to keep the interest rate at a low level. As to Europe, the euro is in a better condition than the US dollar, despie difficulties the European economy faces due to worsening dept crisis that has persisted for four years. Investors are waiting for the European Central Bank to cut rates of interest to 25 basis points, after a decrease in inflation in the region.