At 3:15 Beirut time, the Euro was quoted at €/$ 1.1435, the equivalent of €/LBP 1,723.83, depreciating by 0.52% against the US Dollar. The dollar rose for a third day against the euro as traders awaited a Friday jobs report that may give investors a better idea of whether the Federal Reserve will raise interest rates next month.
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 appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.15% uptick to 166.10 points today.
Date: 05 May 2016