Anticipation for the Federal Reserve’s Decision Still Weighing on the Dollar

At 15:12 Beirut time, the Euro was quoted at €/$ 1.1321, the equivalent of €/LBP 1,706.64, appreciating by 0.20% against the US Dollar. The forex market is still in favor of the euro versus the dollar as the market expects the Federal Reserve to keep interest rates unchanged.

Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.

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 0.36% downtick to 166.08 points today.

Date: 27 April 2016


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