At 16:05 Beirut time, the Euro was quoted at €/$ 1.1326, the equivalent of €/LBP 1,707.39, appreciating by 0.33% against the US Dollar.
The impact of Yellen’s statement on the dollar was short-lived as caution towards global economic risks took center stage today.
Locally, the Lebanese Pound steadied against the Dollar standing at $/LP 1,513-1,514 with a mid-price of $/LP 1,513.50.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.13% decline to 167.49 points today.
Date: 11 February 2016