Wednesday, 27 June 2007

Kuwait Will Strengthen Dinar This Year, Standard Chartered's Brice Says

(Bloomberg) -- The Central Bank of Kuwait will
change the rate at which it buys and sells dinars one more time
this year, then leave it as the dollar appreciates against the
euro from the fourth quarter, Standard Chartered said.

The central bank's reference rate, as it is known, will
change around 0.35 percent in the third quarter as the euro gains
against the dollar, Steve Brice, chief Middle East economist at
Standard Chartered, said in a note received via e-mail today.


Read more at Bloomberg Currencies News

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