The Euro Hiked Against the Dollar Today

At 12:00 Beirut time, the Euro was quoted at €/$ 1.1178, the equivalent of €/LBP 1,685.08, appreciating by 0.20% against the US Dollar. The euro went up against the dollar today following the uncertainty related to the U.S interest rate hike as investors are awaiting for Janet Yellen to get clues on Friday regarding the imminence of this step.

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 0.15% downtick to 166.86 points today.

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 Date: 26 May 2016

 

 

 

 

 

 

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