US dollar unchanged against Kuwaiti dinar at 0.283

The US dollar remained unchanged against the Kuwaiti dinar at KD 0.283 while the euro jumped to KD 0.384, said the daily price bulletin of the Central Bank of Kuwait (CBK) on Wednesday. The bulletin said the pound Sterling went up to KD 0.459, while the Japanese yen kept to its long-established footing at KD 0.003 and the Swiss franc rose to KD 0.312. World currencies remained steady in the past two days due to limited reports on the state of world major economies. Meanwhile, statements made by EU Union President Herman Van Rompuy at a press conference in Brussels on the China-EU Summit, held last week in China, gave a greater support for the euro. During the summit, both China and the EU reached a China-EU Investment Agreement where China expressed readiness to buy European bonds and to partner in some of the fundamental funds to give the euro further support; hence, revive the European economy.