US dollar stable against Kuwaiti dinar

Exchange rate of the US dollar stood at KD 0. 284, while the euro was up to KD 0.369 compared to Sunday's figures, said the Central Bank of Kuwait (CBK) on Monday. The exchange rate of the sterling was up to KD 0.432, the Japanese yen remained unchanged at KD 0.003, and the Swiss franc was up to KD 0.302. The euro was up again due to investors' optimism regarding a Cyprus-EU agreement. The US dollar has lost its luster with the scarcity of the economic data by the world's largest economy, especially after the Federal Open Market Committee (FOMC)'s decisions, which weighed on the performance of the currency along the Federal Bank's achievement to support the US economic recovery. The policy committee of the Federal Reserve Bank confirmed that the current decline in the level of federal funding would be appropriate as long as the unemployment rate is above 6.5 percent, expecting the rate of inflation not to exceed 0.5 percent of the targeted 2 percent over the next two years.