At 15:46 Beirut time, the Euro was quoted at €/$ 1.1305, the equivalent of €/LBP 1,704.23, appreciating by 0.44% against the US Dollar. The euro is gaining some ground against the dollar ahead of the Federal Open Maket Committee’s two-day meeting kicked off today and where the stance in regards of interest rates is expected to be a dovish one.
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 0.25% downtick to 166.26 points today.
Date: 26 April 2016