At 12:10 am Beirut time, the Euro was quoted at €/$ 1.1299, the equivalent of €/LBP 1,703.32, depreciating by 0.13% against the US Dollar.
The US dollar gained strength on Friday on account of wholesale inventories in the US rising by 0.6% in April compared to an anticipated 0.1%.
Locally, the Dollar steadied against the Lebanese Pound with the exchange rate moving from $/LP $/LP 1,513.5-1,514.5 with a mid-price of $/LP 1,514 to $/LP $/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 witnessed a 0.22% uptick to 166.19 points today.
Date: 10 June 2016 