The Dollar Continues to Fall Against the Euro As Fed Kept Rates Unchanged

At 12:35 Beirut time, the Euro was quoted at €/$ 1.1360, the equivalent of €/LBP 1,712.52, appreciating by 0.33% against the US Dollar. The market’s anticipations were correct as the Federal Reserve announced it is keeping rates unchanged, which allowed the euro to register yet another gain against the dollar. 

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 0.07% downtick to 165.96 points today.

 Date: 28 April 2016







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