US dollar exchange rate up to KWD 0.284

The US Dollar gained against the Kuwaiti Dinar (KWD) and is trading at KWD 0.284 on Thursday, while the Euro lost ground to come to KWD 0.369, said the Central Bank of Kuwait daily exchange rate bulletin.  The bank said the Pound Sterling slipped to KWD 0.426, the Swiss Franc slipped to 0.299, and the Japanese Yen was unchanged at 0.003.  There was increase in demand for the US greenback since it is considered a safe-haven for investors, and also as a result of improved conditions in the US, particularly with positive employment data expected to be announced soon.  The European currencies are meanwhile on a losing streak amid economic reports which damaged investor confidence and anxiety over the economic future of the continent as the sovereign debt crisis continues, bringing down growth rates.