Euro Witnessed Some Losses Against the Dollar on Tuesday

At 14:00 Beirut time, the Euro was quoted at €/$ 1.0758, the equivalent of €/LBP 1,621.77, depreciating against the US Dollar by 0.66%.

Thus, the Euro reached a one month low versus the Dollar, mainly on the back of mixed European manufacturing figures coupled with a declining German CPI in December.

Locally, the Lebanese Pound steadied versus the Dollar at $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound increased as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.31% to 169.01 points today.

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