Euro Went Higher Today Following ECB’s Minutes of Meeting

At 10:30 Beirut time, the Euro was quoted at €/$ 1.1213, the equivalent of €/LBP 1,690.36, appreciating by 0.10% against the US Dollar. The euro went up against the dollar today as the European Central Bank has stepped up its call yesterday for structural reforms in the Eurozone.

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 0.01% downtick to 167.12 points today.

Euro Went Higher Today Following ECB’s Minutes of Meeting

Date: 20 May 2016
 

 

Leave a Reply

Your email address will not be published. Required fields are marked *