In international markets, the green-back
maintained a bearish trend against the other hard currencies, amid jitters caused by main oil exporters' failure to hammer out an agreement on capping crude oil output as well as further negative American economic reports.
Mohammad Al-Shatti, interviewed by Kuwait News Agency (KUNA), affirmed that the oil prices' decrease is due to the green-back
bullish trend, for the dollar is the currency for trades in oil and other products worldwide.
Meanwhile, the green-back
rate vis a vis the other hard currencies rose, buoyed by the positive reports about the economy of the super power.
In the international monetary markets, the green-back
posted highest rise vis a vis the yen since seven years ago; buoyed by fresh US reports indicating that up to 230,000 new jobs are available in the United States of America, while unemployment has stabilized at 5.8 percent.
The gold has shed lots of its gains, posted over the past eight months, Hamed said in remarks to KUNA on Sunday, indicating that along with the robust status of the green-back
, weak demand caused the gold price to fall.
, in particular, has been affected with forecast on further