Dollar Sheds Some of Yesterday’s Gains against the Euro

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

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