KUWAIT: The exchange rate of the US dollar against the Kuwaiti dinar stabilized at KD 0.300, while the euro went up to KD 0.330 compared to the exchange rates for Wednesday, said a statement by the Central Bank of Kuwait (CBK) yesterday. According to the CBK, the exchange rate of the sterling pound went up to KD 0.427 while the Swiss franc was stable at KD 0.301.

Exchange rate of the Japanese Yen firmed at KD 0.002. The US dollar pared gains against other major currencies and returned to get close to its lowest level in two weeks, which witnessed no changed interest rates, as well as investors awaited the European Central Bank (ECB) meeting scheduled for yesterday, where the markets awaiting for this meeting amid hopes that the European financial authority would take further stimulus package